Market Overview for FTX Token/Tether USDt (FTTUSDT) on 2025-09-10

• The 24-hour price for FTTUSDT rose from 0.7918 to 0.8087, with a high of 0.8200 and a low of 0.7985.
• Momentum accelerated in the early afternoon, peaking at 0.82, followed by a sharp correction.
• Volume surged during the rally, but the price pullback was not matched by increased selling pressure.
• A bullish engulfing pattern emerged after the pullback, suggesting short-term consolidation.
• Volatility expanded during the peak rally and has since contracted, suggesting a potential pause.

FTX Token/Tether USDt (FTTUSDT) opened at 0.7918 at 12:00 ET − 1 and closed at 0.8087 at 12:00 ET, reaching an intraday high of 0.8200 and a low of 0.7985. Total volume for the 24-hour period was 1,043,548.86 with total turnover at 826,848.57. The pair showed a volatile session driven by a sharp rebound off key support and a breakout attempt to the upside.

Structure & Formations

Key support levels were observed at 0.8018, 0.7985, and 0.7935, with the price finding support multiple times during the session. Resistance levels emerged at 0.8068, 0.8100, and a failed high at 0.8200. A notable bullish engulfing pattern occurred between 12:00 and 13:30 ET when the price retested and closed above the 0.8068 level.

A doji formed around 11:45 ET at 0.8068, suggesting indecision after a sharp rally. The price failed to maintain the 0.8200 high, indicating a lack of follow-through buying and potential bearish consolidation ahead.

Moving Averages

The 15-minute chart showed the price closing above the 20-period and 50-period moving averages for most of the session, suggesting a short-term bullish bias. However, a crossover of the 20 and 50 SMA occurred in the early afternoon, forming a potential bearish signal as the price retraced from the 0.8200 high.

On the daily timeframe, the 50-period SMA sits just above the recent low at 0.7985, with the 200-period SMA providing a longer-term floor. A golden cross is yet to form, but the 50 SMA has begun to slope upward, signaling possible accumulation.

MACD & RSI

The RSI moved into overbought territory (above 70) during the afternoon rally but quickly reverted into the neutral range, signaling the rally lacked conviction. The MACD line crossed above the signal line in the morning and remained positive until around 13:30 ET when it began to diverge from the price as the rally stalled. This suggests that momentum is losing steam, and a bearish turn may be near.

A bearish divergence formed between the MACD and price during the pullback from 0.82 to 0.8068, indicating a possible reversal in the short term.

Bollinger Bands

The price moved well outside the upper Bollinger Band during the peak rally, indicating high volatility. As the price pulled back, it re-entered the upper band and now resides just within it, suggesting reduced volatility and a possible consolidation period.

The lower Bollinger Band sat around 0.8000, which was tested twice in the session. The price bounced off both times without breaking it, reinforcing the support level.

Volume & Turnover

Volume spiked during the rally to 0.82, with a large 144,614.62 volume candle at 11:30 ET confirming the strength of the move. However, the subsequent pullback was not accompanied by a proportional increase in selling volume, suggesting that the bearish move may lack conviction.

The volume during the consolidation phase has been moderate, with no significant divergence observed between price and volume. This suggests that liquidity is stable and the price may consolidate in the near term before making a directional move.

Fibonacci Retracements

Applying Fibonacci levels to the most recent swing (0.7985 to 0.8200), the 61.8% retracement level is at 0.8095, which coincided with the price action in the late afternoon. This level acted as a minor resistance and was rejected multiple times.

The 38.2% level at 0.8125 was briefly tested and then broken through, indicating that the price could continue to retest the 61.8% level in the coming session.

Backtest Hypothesis

A potential backtest strategy could be to enter long upon a bullish engulfing pattern on the 15-minute chart, provided that the 50-period SMA is above the 20-period and the RSI is not overbought. A stop-loss could be placed below the recent support at 0.8018, with a target at the 0.8095 Fibonacci level.

This strategy would aim to capture a consolidation move following a sharp price correction, with the MACD and RSI divergence acting as confirmation tools. The volume profile suggests that the short-term move is not likely to be driven by large institutional selling, offering a reasonable risk-reward setup.

Looking ahead, FTTUSDT appears to be in a period of consolidation following a strong rally. If the price holds above 0.8068, the next key target is the 0.8095 Fibonacci and 50-period SMA. A break below 0.8018, however, could trigger a deeper retest of the 0.7985 level. Investors should remain cautious as volatility and divergences in the momentum indicators suggest the market is not yet committed to a clear direction.