Market Overview for FTX Token/Tether (FTTUSDT): October 14, 2025

• FTTUSDT opened at $0.7497 and closed at $0.7798 after touching $0.86 and $0.734 during volatile 24 hours.
• A strong bullish reversal pattern emerged after hitting a low of $0.734, suggesting a potential recovery.
• Volume spiked during the early hours of October 14, aligning with a sharp price rebound to $0.8297.
• RSI and MACD showed divergences in the final hours, indicating mixed short-term momentum signals.
• Price has found support near $0.734–$0.74 and faces near-term resistance at $0.78–$0.79.

Price Movement and Structure

FTX Token/Tether (FTTUSDT) opened at $0.7497 on October 13 at 12:00 ET and closed at $0.7798 on October 14 at the same time, with a total volume of 998,015.55 and a turnover of $765,574.31 across 15-minute intervals. The price reached an intraday high of $0.86 and a low of $0.734. The session featured a strong bullish reversal from the $0.734 level, with a notable engulfing pattern forming in the early hours of October 14, suggesting a short-term reversal from bearish to bullish momentum.

Support and Resistance Levels

Key support levels were observed near $0.734–$0.74 and $0.76–$0.77, with the latter acting as a recurring floor during consolidation phases. Resistance levels appear to be forming around $0.78–$0.79 and $0.80–$0.82. A bearish divergence between price and RSI was noted near the $0.82–$0.83 area, which may indicate potential for a pullback.

Momentum and Volatility Indicators

The 20-period and 50-period moving averages on the 15-minute chart converged in the $0.77–$0.78 range, supporting the idea of a potential equilibrium zone. MACD crossed above the signal line in the early hours of October 14, aligning with the price rebound, but later showed signs of weakening as the price failed to sustain the $0.83 level. Bollinger Bands expanded significantly during the rebound phase, indicating heightened volatility. Price hovered near the upper band at $0.82–$0.83 during the morning, suggesting overbought conditions.

Fibonacci Retracements and Divergences

Fibonacci retracements applied to the key swing from $0.734 to $0.86 show the 61.8% level near $0.788 and the 38.2% near $0.759. The price has tested the 38.2% level multiple times and appears to have rejected further downside at the 61.8% level. However, divergences between RSI and price were evident near $0.83, raising questions about the sustainability of the rally.

Backtest Hypothesis

An RSI-based trading strategy using the <14-day RSI<30 buy> and 70 sell> thresholds is typically effective in identifying overbought and oversold conditions for liquid and frequently traded pairs. However, in the case of FTTUSDT, the absence of a reliable RSI time-series from our data source prevents the full execution of the backtest. Without a usable RSI feed, signal generation and performance evaluation cannot proceed. To move forward, we would need either a supported crypto pair or the user to supply raw price data for FTTUSDT.