Market Overview for Artificial Superintelligence Alliance/Tether (FETUSDT) — 2025-09-19

• FETUSDT declined from 0.673 to 0.654, forming bearish momentum with increasing volume toward the close.
• Key support levels identified at 0.653 and 0.646, with a 61.8% Fibonacci retracement near 0.65.
• RSI signaled oversold conditions briefly, but price failed to rebound convincingly.
• Bollinger Bands showed moderate contraction early before a late expansion, signaling potential volatility.
• Divergence between volume and price observed in the final 6 hours of the 24-hour period.

The FETUSDT pair opened at 0.67 on 2025-09-18 12:00 ET and closed at 0.654 by 12:00 ET the following day. The 24-hour high was 0.684, and the low was 0.646. Total trading volume amounted to 46,999,341.3 units, with a notional turnover of approximately $30,863,914. The pair exhibited a moderate downtrend, with key bearish formations and weakening momentum.

Structure and formations showed a strong bearish bias through the formation of multiple engulfing patterns and a key low at 0.646. A bearish harami pattern formed near 0.654, reinforcing short-term resistance. The 0.653 level acted as a significant support, with a 61.8% Fibonacci retracement level nearby at 0.65, suggesting a potential consolidation or reversal zone. Key resistances were identified at 0.66 and 0.672, with the 0.672 level previously holding during early morning volatility.

The 20-period and 50-period moving averages on the 15-minute chart remained bearish, with price consistently below both. On the daily chart, the 50, 100, and 200-period moving averages all pointed lower, with no sign of convergence. The 50-day MA crossed below the 100-day MA, signaling further bearish momentum.

MACD was in negative territory, with a bearish crossover confirmed late in the 24-hour window. The histogram continued to shrink in the negative zone, signaling weaker bearish momentum. RSI reached an oversold level near 30 at 0.646 but failed to produce a meaningful rebound, suggesting bearish exhaustion may not be immediate. Bollinger Bands experienced a moderate contraction during the overnight hours before expanding during a sharp drop in price, indicating a potential shift in volatility.

Volume and turnover spiked during the 03:45–04:00 ET timeframe as price dropped from 0.671 to 0.663, followed by a sharp decline in the 15:15–15:30 ET window when the price dropped from 0.654 to 0.646. A bearish divergence in volume and price was observed in the final 6 hours of the period, where price fell sharply despite lower volume. This could signal waning bearish conviction or a potential reversal.

Fibonacci retracement levels from the key high at 0.684 to the low at 0.646 indicated a 38.2% level near 0.670 and a 61.8% near 0.655, both of which were tested during the period. The price found initial support at the 61.8% level but failed to hold above it, indicating a stronger bearish bias than previously assumed.

The backtest strategy described focuses on using a combination of moving average convergence, RSI, and volume divergence signals to identify potential reversal opportunities. A potential short-term entry could occur if the price breaks below 0.653 with confirmation from both volume and RSI, aligning with the backtest's criteria. However, a failure to hold this level could extend the decline toward 0.643–0.646, with increasing risk of short-term bearish continuation.