Market Overview for First Digital USD/Tether (FDUSDUSDT) on 2025-09-14

• Price remained in a tight consolidation channel between 0.9980 and 0.9982 over the last 24 hours.
• Volume was moderate, with no clear spikes indicating aggressive buying or selling.
• RSI and MACD showed no overbought or oversold signals, suggesting neutral momentum.
• Price briefly dipped below 0.9980 during the overnight session but quickly rebounded.

The 24-hour period from 12:00 ET–1 to 12:00 ET on 2025-09-14 saw First Digital USD/Tether (FDUSDUSDT) open at 0.9982, reach a high of 0.9982, a low of 0.9980, and close at 0.9982. Total trading volume amounted to 108.5 million units, with a notional turnover of approximately USD 108.2 million (assuming $1 per unit).

Structure & Formations

Price remained confined within a narrow range of 0.9980–0.9982, with no significant breakout or breakdown observed. A few doji and small-bodied candles appeared during the overnight hours, indicating indecision and low conviction in price direction. No clear reversal patterns such as bullish or bearish engulfing were identified during the session.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both hovered near the central level of 0.9981, with price oscillating slightly above and below them. On the daily chart, the 50-period moving average sat at 0.99805, while the 100- and 200-period lines were nearly aligned at 0.9980.

MACD & RSI

The MACD histogram remained flat and close to the zero line, indicating balanced bullish and bearish momentum. The RSI oscillated between 49 and 51 for the majority of the session, confirming the neutral and consolidation-bound nature of the market. No overbought or oversold conditions were registered.

Bollinger Bands

Volatility remained low, with Bollinger Bands narrowing in the afternoon and expanding slightly during the overnight hours. Price stayed within the bands for the entire period, with the lower band hovering near 0.9980 and the upper band near 0.9982.

Volume & Turnover

Volume remained steady throughout, with no unusual spikes or divergences observed. The highest volume was recorded in the late afternoon and overnight sessions, coinciding with small price consolidations. No clear volume-driven breakouts were evident.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swings showed price hovering near the 50% level of 0.9981. On a daily basis, the 38.2% and 61.8% retracements were positioned at 0.9979 and 0.9983, respectively, with FDUSDUSDT holding firm near the central retracement level.

Backtest Hypothesis

Given the current range-bound conditions and low volatility, a mean-reversion backtesting strategy could be considered. A strategy that triggers a long position on a close above the 20-period moving average and a short position on a close below it, with stop-loss levels set at ±0.00015 from the entry point, may capture small but consistent returns in this environment. The use of RSI as a filter (only entering when RSI is between 45 and 55) may further refine entry timing and reduce false signals. This aligns with the observed technical setup of tight consolidation and moderate volume.