Market Overview for FUNToken/Tether (FUNUSDT) – 2025-09-20

• Price action showed a bearish trend with a 24-hour low of $0.009326 and high of $0.009688.
• RSI suggested overbought conditions in the early session before reversing.
• Volatility expanded significantly around 18:00–19:00 ET, coinciding with a sharp price correction.
• Volume spiked during the bearish reversal, confirming the selloff in the late afternoon.
• Bollinger Bands tightened near 19:30 ET before a price breakout to the downside.

FUNToken/Tether (FUNUSDT) opened at $0.009465 on 2025-09-19 at 12:00 ET and closed at $0.009366 on 2025-09-20 at 12:00 ET, with a high of $0.009688 and a low of $0.009326. Total traded volume over 24 hours was 135,896,362.0 FUN tokens, and notional turnover stood at approximately $1,282,600. The price action reflected bearish momentum driven by strong selling pressure in the afternoon.

In the 15-minute chart, key support levels formed around $0.009350–$0.009370, with a potential resistance cluster at $0.009550–$0.009580. A bearish engulfing pattern became evident at 18:30 ET, confirming a short-term reversal. Later in the session, a doji formed near $0.009366, hinting at indecision as buyers tried to re-enter the market. The price tested the 20-period moving average multiple times, breaking below it in the late afternoon and holding there, indicating a possible bearish bias.

The 20-period moving average for the 15-minute chart was around $0.009485, while the 50-period MA stood at $0.009490. The 50-period MA on the daily chart was at $0.009420. MACD showed bearish divergence after a brief positive crossover in the morning, with the histogram shrinking as prices declined. RSI crossed below 30 in the late afternoon, indicating oversold conditions, though momentum failed to pick up meaningfully.

Bollinger Bands contracted between 19:15–19:30 ET, followed by a sharp price drop that took prices to the lower band. This suggests increased volatility and a high probability of continued bearish movement. Fibonacci retracement levels showed a 61.8% retracement at $0.009370–$0.009380, which held during the late-night consolidation phase. The price may retest this level for support or break lower toward the 78.6% level at $0.009330.

The 15-minute volume profile showed significant buying interest in the early hours, but this was overtaken by a sharp increase in bearish volume during the afternoon sell-off. Notional turnover spiked at 18:30 and 19:30 ET, aligning with key price swings. The divergence between the morning’s bullish momentum and the afternoon’s bearish volume suggests a possible exhaustion of buying interest. Investors should watch for a potential bullish reversal if prices rebound above $0.009400 with high volume.

Backtest Hypothesis

A potential strategy for FUNUSDT could focus on the bearish engulfing pattern observed at 18:30 ET and the subsequent doji near $0.009366. A sell entry at the close of the engulfing candle, with a stop-loss above the high of the pattern and a target at the 61.8% Fibonacci level, could have captured most of the 15-minute bearish movement. Incorporating RSI as an entry filter—waiting for RSI to fall below 50—would add confirmation. A backtest over multiple similar 15-minute patterns could assess whether this pattern holds predictive value for short-term bearish momentum.