FDUSDUSDT Market Overview – November 10, 2025

Summary
• Price remains tightly range-bound near 0.9975-0.9978.
• RSI shows no extreme overbought/oversold divergence.
• Volume trends suggest strong liquidity but no directional breakout.

First Digital USD/Tether (FDUSDUSDT) opened at 0.9975 on 2025-11-09 at 12:00 ET and closed at 0.9977 as of 12:00 ET on 2025-11-10. The 24-hour range was 0.9973 to 0.9979. Total volume amounted to 159,219,166.00 with a notional turnover of approximately $158.75 million, indicating strong liquidity and consistent order flow across timeframes.

The pair has remained in a narrow range around 0.9975–0.9978 throughout the 24-hour window, suggesting a stable peg and limited arbitrage opportunities. Key support appears to have formed around 0.9975, where the price has frequently found buyers after minor retracements. Resistance is clustered near 0.9978, which has acted as a ceiling during attempted rallies. No major candlestick reversal patterns have emerged, and price has not shown signs of breaking out of this range.

Moving averages on the 15-minute chart confirm the tight range, with both the 20-period and 50-period lines overlapping around 0.9976–0.9977. The daily chart shows a similar consolidation, with the 50-day and 200-day lines in close proximity. This suggests that the market is in a neutral phase with no immediate directional bias. MACD remains near zero with no clear divergence, and RSI has fluctuated between 45 and 55, indicating moderate momentum without any overbought or oversold conditions.

Bollinger Bands have compressed slightly during the latter half of the reporting period, signaling a potential buildup in volatility, though no breakout has occurred yet. The price has consistently remained within the band, with no extreme deviations. Volume and turnover have been steady, showing no abnormal spikes that would suggest a forced move. Fibonacci retracement levels drawn from the recent swing high (0.9979) to the low (0.9973) suggest 38.2% at 0.9976 and 61.8% at 0.9977 as key levels to watch.

Backtest Hypothesis
A potential RSI-based backtest could be constructed using a 14-period RSI with standard overbought/oversold thresholds of 70/30. Given the tight range and moderate RSI movement observed in FDUSDUSDT, the strategy could be tested for mean-reversion trades. Entries could be triggered on RSI dips below 30 (longs) or rises above 70 (shorts), with stop-loss placed at 1.5% from entry. The pair’s liquidity and limited volatility make it a viable candidate for a low-risk, high-frequency RSI trading strategy. Daily close prices would serve as the price series for execution.