Market Overview for FTX Token/Tether (FTTUSDT) – 2025-09-14

• FTTUSDT posted a 24-hour high of $0.8545 amid a volatile rebound in the early hours of 2025-09-14.
• Price dipped to a low of $0.8320 before stabilizing around $0.8410–$0.8430 in the final 4–6 hours.
• Volume spiked over 80,000 on the 15-min chart around 03:15 ET and 06:15 ET, indicating key reversal attempts.
• RSI signaled overbought conditions in the early session and oversold in the late afternoon, suggesting strong momentum shifts.
• Price remains below the 20-period 15-min MA, indicating bearish bias despite recent attempts to reclaim key levels.

FTX Token/Tether (FTTUSDT) opened at $0.8470 on 2025-09-13 at 12:00 ET and closed at $0.8412 on 2025-09-14 at 12:00 ET. The pair reached a high of $0.8545 and a low of $0.8320 over the 24-hour period. Total volume amounted to 440,045.29, and notional turnover was approximately $370,727.62.

Structure & Formations

Price action over the past 24 hours formed a complex, multi-wave pattern. The initial bearish leg from $0.8500 to $0.8320 was followed by a moderate rally to $0.8545, indicating a potential exhaustion of short-term sellers. Key support levels include $0.8400 and $0.8350, both of which held during sharp dips. A bearish engulfing pattern emerged around $0.8420–$0.8370, while a potential bullish reversal pattern developed around 06:30–09:00 ET.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price during the early morning hours, reinforcing the bearish trend. However, a late-day crossing of the 20-period MA above the 50-period MA from 08:30 to 10:30 ET suggests a short-term bullish bias. On the daily chart, the 50-period MA remains above the 200-period MA, suggesting a neutral-to-bullish stance over a longer horizon.

MACD & RSI

MACD lines showed divergence around the $0.8350 level, with price declining while the MACD histogram remained positive, hinting at potential support. RSI dropped to oversold territory (below 30) in the late afternoon before rebounding, suggesting a possible near-term bottom. However, RSI failed to close above 50 in the final 2–3 hours, indicating lingering bearish sentiment.

Bollinger Bands

Volatility expanded sharply during the 03:00–06:00 ET period, with price breaking out of the lower band at $0.8400 and the upper band at $0.8500. A contraction phase followed from 08:00–10:00 ET, indicating a potential consolidation before a new move. Currently, price resides just below the upper band, suggesting a continuation of the rally could be underpinned by increased momentum.

Volume & Turnover

Volume spiked significantly during the early morning hours, with a volume of 73,261.09 at 03:15 ET and another large spike of 87,361.09 at 06:15 ET. These large-volume moves coincided with sharp price swings and appear to confirm the strength of both the sell-off and the subsequent bounce. Turnover increased in line with volume, showing no major price-turnover divergence, which suggests strong conviction in both directions.

Fibonacci Retracements

Fibonacci levels drawn from the swing high at $0.8545 and swing low at $0.8320 show the 50% level at $0.8432 and the 61.8% at $0.8483. These levels appear to be acting as psychological barriers. Price is currently consolidating just below the 50% retracement, and a break above this level could target the $0.8483 and $0.8500 areas.

Backtest Hypothesis

A potential backtest strategy could be based on the convergence of RSI and MACD in oversold conditions, coupled with a price rebound from key Fibonacci levels. A long entry could be triggered when RSI crosses above 30 and the MACD histogram turns positive, with a stop-loss placed just below the recent low. This strategy would aim to capture short-term rebounds during consolidation phases and would be most effective when combined with volume confirmation.