Market Overview for Artificial Superintelligence Alliance/Tether (FETUSDT)

• Price fell 0.48 to 0.396 on a sharp selloff after hitting a high at 0.47 early morning ET.
• Volatility spiked during the flash selloff, but has stabilized in a tight 0.395–0.41 channel.
• Volume surged during the crash but has since declined, showing reduced conviction in the downtrend.
• RSI and MACD suggest overbought conditions early, followed by bearish momentum divergence in the afternoon.
• A 61.8% Fibonacci retracement at ~0.395 may act as short-term support for a potential bounce.

Artificial Superintelligence Alliance/Tether (FETUSDT) opened at 0.473 on 2025-10-10 12:00 ET and reached a high of 0.476 before dropping to a low of 0.396 at 2025-10-10 21:30 ET, closing at 0.398 by 2025-10-11 12:00 ET. Total volume across the 24-hour period was 222,289,021.57 with a notional turnover of approximately $85.4 million.

Structure & Formations

The price of FETUSDT formed a bearish engulfing pattern during the early afternoon ET selloff, confirming a shift in momentum from bullish to bearish. A doji appeared near the 0.42 level, signaling indecision before the sharp drop. The most significant support level appears at the 0.395–0.396 zone, where price found a floor after the selloff. Resistance lies at 0.41, with further levels at 0.42 and 0.43. A potential double-bottom formation could emerge if price consolidates above 0.395.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) crossed below the 50-period SMA, forming a death cross. This signals a bearish bias for the short term. On the daily chart, the 50-period SMA is above the 100- and 200-period SMAs, suggesting a longer-term bearish trend may be taking hold. The price is trading below all three, reinforcing bearish momentum.

MACD & RSI

The MACD line turned negative during the afternoon selloff, with a bearish crossover, confirming a shift in momentum. The RSI dropped sharply to the oversold region near 25, which is often a sign of potential short-term reversal. However, divergence between the price and RSI suggests the sell-off could continue unless there is a strong bounce. The histogram shows negative momentum widening after 19:00 ET.

Bollinger Bands

Volatility increased significantly during the selloff, causing the Bollinger Bands to expand. Price traded near the lower band for several hours, suggesting oversold conditions. The contraction before the drop indicated consolidation, while the expansion confirmed the break. Price has since bounced slightly but remains within the bands, with no sign of a breakout.

Volume & Turnover

Volume surged during the selloff, with the candle at 21:30 ET recording a turnover of $6.2 million. This was the highest turnover of the day, with a total of $85.4 million traded. After the crash, volume and turnover declined significantly, indicating reduced conviction in the bearish move. Price and turnover were aligned during the selloff, supporting the bearish signal.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 0.476 to 0.396 swing, the 61.8% level at ~0.395 is now acting as a key support. A bounce from this level could target the 38.2% retracement at ~0.43. On the daily chart, the 50% retracement of the larger move remains untested but is a potential target for a longer-term rebound.

Backtest Hypothesis

The backtest strategy focuses on identifying bearish engulfing patterns and sharp volume spikes during downtrends, as seen in FETUSDT’s recent action. It would enter short positions on confirmation of a bearish engulfing candle with a high-volume spike and exit upon a close above the 50-period SMA. Given the current setup, a short position would likely have been triggered during the 19:30–20:00 ET range. The strategy assumes that overbought RSI and a death cross in the MACD are sufficient signals for exit, though the tight consolidation suggests further monitoring is needed before closing the position.