FTX Token/Tether Market Overview

• FTT/USDT rose from 0.7108 to 0.7598, closing at 0.7493 with a bullish breakout and strong volume spikes near highs.
• Momentum accelerated with RSI near 60 and MACD trending higher, indicating potential for further upside.
• Volatility expanded as price moved beyond Bollinger Band midline, with a 20-period EMA now supportive.
• On-balance volume confirmed price strength in the final hours, aligning with positive divergence.
• Key resistance at 0.75 and Fibonacci 0.76.2 levels may test buyers’ resolve in the next 24 hours.

24-Hour Price Summary and Open/Close Analysis

FTX Token/Tether (FTTUSDT) opened at 0.715 on October 12, 2025 (12:00 ET), reached a high of 0.770, and closed at 0.7493 at 12:00 ET on October 13, 2025. The pair experienced a range of 0.7108 to 0.770 with a total 24-hour volume of 1,281,698.35 and a turnover of 923,673.45 USD, reflecting strong accumulation and distribution patterns.

Structure & Formations

The 15-minute chart shows a clear bullish breakout pattern following a period of consolidation between 0.712 and 0.730. A bullish engulfing pattern formed near 0.720–0.730, confirming a shift in sentiment. A key resistance level at 0.75 was pierced during the session, suggesting short-term continuation is likely. A potential 61.8% Fibonacci level at 0.762 could act as a critical test for buyers.

Moving Averages

On the 15-minute chart, the price closed above the 20-period and 50-period EMAs, which are currently rising and acting as dynamic support. Daily EMAs (50/100/200) show a similar bullish alignment, with the price above all three. This confluence of moving averages increases the probability of a continuation above 0.75.

MACD & RSI

The MACD histogram has turned positive and is trending higher, confirming bullish momentum. The RSI is at approximately 60, indicating moderate strength without showing overbought conditions. If the price holds above 0.745, RSI could push closer to 65–70, signaling a potential overbought threshold.

Bollinger Bands

Volatility expanded as the price moved above the upper Bollinger Band during the final hours of the session. A break above the 0.75 level may trigger further expansion of the bands, increasing the probability of a follow-through to 0.76. A retest of the 20-period EMA at around 0.743 could offer a support pivot if the move pauses.

Volume & Turnover

Volume spiked during the final 4.5 hours of the session, particularly after the 0.75 level was breached, confirming the breakout. Turnover increased in tandem with price, indicating strong conviction from traders. A divergence between price and volume may hint at a possible slowdown, but the current trend appears well-supported.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.712–0.770 swing, the 0.762 (61.8%) level is a critical resistance. A break above it could target the 0.770–0.780 range. Conversely, a pullback to the 0.745–0.742 (38.2%–50%) range could offer a short-term consolidation phase before resuming the upward bias.

Backtest Hypothesis

To evaluate the robustness of the current breakout, a backtest could use the rule: “close above the 50-period high” as the entry trigger and hold the position for 10 trading days. Given the current setup with a confirmed breakout above the 50-period high and strong volume, this strategy may yield insights into the asset's potential continuation strength over the next 10 trading days. Testing the hypothesis across a multi-year time frame (2022–2025) would help assess the statistical significance of the strategy under varying market conditions.