Market Overview for FUNToken/Tether (2025-10-03)

Generated by AI AgentTradeCipher
Friday, Oct 3, 2025 7:34 am ET2min read
Aime RobotAime Summary

- FUNToken/Tether fell to 0.009621 with 107.7M tokens traded post-18:00 ET, testing key support at 0.009609.

- RSI below 30 and bearish MACD divergence signaled oversold conditions amid a 24-hour low of 0.009151.

- Elevated volume during breakdown confirmed bearish momentum as price closed near Bollinger Bands' lower boundary.

- Fibonacci levels at 0.009598 (38.2%) and 0.009859 (61.8%) emerged as critical near-term price benchmarks.

• FUNToken/Tether declined to 0.009621 at 12:00 ET, down from 0.009483 the previous day.
• Volume surged to 107.7 million tokens, with 99.7 million traded after 18:00 ET.
• Key support at 0.009609 was tested, while resistance remains near 0.009744.
• RSI fell below 30, signaling oversold conditions, and MACD showed bearish divergence.
• Volatility expanded during the overnight rebound before a sustained pullback set in.

FUNToken/Tether (FUNUSDT) opened at 0.009428 on 2025-10-02 at 12:00 ET and closed at 0.009621 on 2025-10-03 at the same time. The pair reached a high of 0.010233 during the 24-hour period and fell to a low of 0.009151. Total trading volume amounted to approximately 387.3 million tokens, with notional turnover of roughly $3.54 million based on average price.

The price action over the 24-hour period was marked by a sharp rebound from the 0.0096–0.00975 consolidation range, pushing to a high of 0.010233 before reversing in a bearish fashion. A long bearish candle formed after 02:00 ET, closing near its low and indicating a strong rejection of the upper range. This was followed by a series of bearish momentum bars and a breakdown below the 0.0097–0.0098 support zone, suggesting continued pressure in the short term.

Looking at technical indicators, the RSI dipped below 30 and remained in oversold territory for much of the session, signaling potential for a countertrend bounce, though momentum remained weak. The MACD histogram showed bearish divergence in the final hours, suggesting exhaustion in the downward move. Bollinger Bands expanded during the rebound phase and then contracted during the breakdown, reflecting volatility clustering. The price closed near the lower band, which appears to be tightening toward key support levels.

Volume was elevated during the breakdown phase, especially in the 02:00–04:00 ET period when the price fell from 0.009877 to 0.009747. Notional turnover rose sharply during this phase, confirming the bearish sentiment. Divergence between price and volume occurred in the final hours, with price falling while volume slightly declined, potentially indicating a slowdown in selling pressure.

A key support level appears to be forming near 0.009609, which has been tested twice over the past 15 minutes and has held as a floor. Resistance levels are evident at 0.009744 and 0.009824, where the price previously stalled. Fibonacci retracement levels from the recent swing high of 0.010233 to the low of 0.009151 show the 38.2% level at 0.009598 and the 61.8% at 0.009859—both of which may influence near-term price action.

Backtest Hypothesis
A potential backtesting strategy involves buying FUNUSDT on a close above the 20-period moving average during oversold RSI conditions (RSI < 30), with a stop-loss placed below the previous swing low. During the 24-hour window, this condition was triggered multiple times, notably after 00:00 ET when RSI dipped below 30 and the price closed near the 20-EMA. The strategy would have captured the rebound from 0.009191 to 0.009237, though the subsequent breakdown would have triggered a stop-loss. Adjustments may include using a tighter stop or incorporating volume confirmation to filter false signals.