FUNToken/Tether Market Overview

Summary
• FUNToken/Tether opened at $0.002252 and traded between $0.002221 and $0.002314, closing at $0.002238.
• Key support appears near $0.002225, with resistance forming at $0.002290.
• Volume increased during the late NY session, but price declined, suggesting profit-taking.
• RSI shows overbought conditions in the early hours, followed by a sell-off into oversold territory.
• Bollinger Bands tightened mid-day, hinting at a potential breakout or reversal.

FUNToken/Tether (FUNUSDT) opened at $0.002252 on 2025-11-10 at 12:00 ET and closed at $0.002238 the next day at 12:00 ET, with a 24-hour high of $0.002314 and a low of $0.002221. Total volume reached 109,551,308 USDT, and total turnover was approximately $245,772 USD. The price action exhibited a bullish recovery attempt in the early hours, followed by a bearish reversal, suggesting uncertainty among market participants.

Structure & Formations

Price formed a bearish engulfing pattern around 05:00–06:00 ET, indicating potential exhaustion in the short-term buyers. A key support level appears to be forming near $0.002225, with a prior swing high at $0.002290 acting as resistance. A long upper shadow in the 00:15–00:30 ET candle signals a failed bullish attempt.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed in a bearish crossover by late evening, signaling a shift in momentum. The 200-period SMA on the daily chart remains above the current price, suggesting that the pair is still in a long-term bearish trend.

MACD & RSI

The MACD line crossed below the signal line in the early morning hours, reinforcing bearish sentiment. RSI reached overbought levels above 70 during the late NY session but quickly fell below 30 by 05:00–06:00 ET, signaling oversold conditions. However, RSI divergence suggests that the downtrend may be overextended.

Bollinger Bands

Volatility decreased during the late NY and early AM hours, with price consolidating near the middle band. A breakout from this range could determine the next short-term direction. Price remains above the lower band, indicating limited bearish pressure thus far.

Volume & Turnover

Volume spiked during the 20:15–20:30 ET and 03:15–03:30 ET timeframes, coinciding with price pullbacks, suggesting increased selling pressure. Notional turnover also surged in line with these price dips, reinforcing bearish momentum.

Fibonacci Retracements

Recent 15-minute swings show the 0.618 Fibonacci retracement at $0.002255, which has held as support. On the daily chart, the 0.382 retracement at $0.002270 appears to be a key psychological level, with price failing to break above this level on multiple attempts.

Backtest Hypothesis

The backtest strategy utilized close prices with a fixed 3-day maximum holding period. This approach aims to capture medium-term trends without the influence of stop-loss or take-profit thresholds. While this allows for a clearer view of trend strength, it may also result in early exits during consolidation or false breakouts. Given the volatility and mixed signals seen in FUNUSDT over the past 24 hours, this strategy could benefit from additional criteria such as RSI-based confirmation or volume filters to improve trade selection.

Over the next 24 hours, FUNToken/Tether appears poised to test key support at $0.002225 and resistance at $0.002290. A break below $0.002235 could accelerate the downtrend, while a rebound above $0.002255 may offer a short-term buying opportunity. Investors should remain cautious, as the market remains in a consolidation phase with a high risk of volatility.