Market Overview for FUNToken/Tether (FUNUSDT) on 2025-09-24

• FUNToken/Tether surged 8.7% over 24 hours, driven by strong volume and a bullish breakout above key resistance.
• RSI and MACD signaled strong upward momentum with no immediate signs of overbought conditions.
• Volatility expanded significantly after 09:00 ET, coinciding with a 15% intraday move from 0.0089 to 0.0094.
• Bollinger Bands widened, and price closed near the upper band, suggesting continuation of the trend.
• A bullish engulfing pattern emerged near 0.008960, aligning with a 61.8% Fibonacci retracement level.

FUNToken/Tether (FUNUSDT) opened at 0.008822 at 12:00 ET − 1 and surged to a high of 0.009519 by 13:15 ET before retreating slightly to a 24-hour close of 0.009457 at 16:00 ET. The pair traded between 0.008804 and 0.009519, with total volume reaching 54.1 million FUN and a notional turnover of $498.4 million. The strong move reflects a shift in sentiment toward optimism, supported by increasing buying pressure.

The 15-minute chart shows a strong bullish trend forming after 09:00 ET. Price broke above a key resistance cluster between 0.008960 and 0.009000 and continued higher, with a 20-period EMA (0.00907) and 50-period EMA (0.00911) both trending upward and in bullish alignment. On the daily chart, the 50- and 200-period EMAs are also in bullish alignment, reinforcing the near-term bias.

FUNUSDT’s RSI (14) rose sharply to 64 by 13:00 ET, suggesting strong upward momentum, though not yet into overbought territory. MACD turned positive and crossed above its signal line after 10:00 ET, indicating a potential continuation of the rally. Bollinger Bands expanded significantly post-breakout, with price closing near the upper band, a sign of sustained bullish momentum. A notable 61.8% Fibonacci retracement level at 0.009000 aligned with the breakout, reinforcing the move’s validity.

Volume increased progressively throughout the 24-hour period, peaking at 9.4 million FUN during the 13:45 ET session. Notional turnover also spiked, confirming the price action. No major divergences between price and turnover were observed, suggesting the rally is well-supported by liquidity. A bullish engulfing pattern formed near 0.008960, signaling a potential resumption of the uptrend.

Backtest Hypothesis
A potential backtesting strategy for this pair could involve entering long positions after a bullish engulfing pattern forms near a 61.8% Fibonacci retracement level, with a stop-loss placed below the pattern’s low and a target at the next Fibonacci extension level. Entries would be confirmed by a MACD crossover above the signal line and RSI above 50. This approach aligns with the recent technical conditions and could be tested for consistency across similar breakout scenarios.