Market Overview for FUNToken/Tether (FUNUSDT) on 2025-10-10

• FUNToken/Tether (FUNUSDT) declined 7.8% over 24 hours, closing at 0.008543 after forming bearish patterns.
• High volatility seen between 19:00–04:00 ET, with price swinging between 0.008726 and 0.008453.
• RSI reached 18 early morning, suggesting oversold conditions, but price failed to rebound.
• Volume spiked to 16.59 million at 15:45 ET, aligning with a sharp drop to 0.008114.
• Bollinger Bands showed expansion late morning, confirming increased risk and uncertainty.

At 12:00 ET on 2025-10-10, FUNToken/Tether (FUNUSDT) opened at 0.008647, reached a high of 0.008734, and closed at 0.008543 after hitting a low of 0.008114. Total volume for the 24-hour period was 87.09 million FUN, and notional turnover was $768,267. The price action was bearish, with several bearish candlestick formations and divergences in volume and momentum.

Structure & Formations

The candlestick structure showed several key formations. Between 16:30 and 18:00 ET, a series of engulfing bearish candles formed, signaling a shift in momentum from buyers to sellers. At 23:45 ET, a doji formed near the 0.008665 level, suggesting indecision and potential support. A significant bearish gap occurred around 05:15 ET, where the price dropped to 0.008583 after a large volume spike. This gap formed a new short-term support at ~0.00854. Further down, a key level to watch is 0.00845, which has acted as a magnet for selling pressure during sharp selloffs.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over in a death cross around 19:00–20:00 ET, reinforcing the bearish bias. The 50-period MA was above the 20-period MA, and the price stayed below both. On the daily chart, the 50-period MA crossed above the 100-period MA around the 0.00866 level, suggesting a breakdown in the short-term trend. The 200-period MA provided a strong resistance at 0.00867, and the price failed to break this level multiple times.

MACD & RSI

The MACD line turned negative around 18:45 ET and remained in bearish territory, with the signal line lagging behind, suggesting prolonged bearish momentum. The histogram showed a consistent contraction in bullish momentum. RSI hit an oversold level of 18 early in the morning but failed to trigger a rebound, indicating potential exhaustion in the selling pressure. The RSI line started to flatten around 07:00 ET, suggesting a possible temporary pause in the downward move.

Bollinger Bands

The Bollinger Bands expanded significantly around 15:45–17:00 ET, indicating increased volatility and uncertainty in the market. The price broke below the lower band at 0.008114 on 15:45 ET, confirming a strong bearish move. This break below the lower band may act as a psychological trigger for further selling. In the morning, the bands were relatively narrow, suggesting a period of consolidation before the breakout. The price is now well below the middle band, indicating a strong bearish bias.

Volume & Turnover

Volume spiked to a peak of 16.59 million at 15:45 ET, coinciding with the sharp drop to 0.008114. This high-volume sell-off occurred without a significant rebound, indicating strong bearish conviction. The total notional turnover for the 24-hour period was $768,267, with the majority of the volume concentrated in the late afternoon and early evening. Volume began to decrease in the early morning hours, suggesting a possible near-term bottom. Divergences between volume and price suggest that buyers were not able to follow through on the rebound attempts.

Fibonacci Retracements

Key Fibonacci levels from the recent swing high at 0.008734 to the low at 0.008114 include the 38.2% level at 0.00850 and the 61.8% level at 0.00827. The price found temporary support at 0.00850 before continuing the decline. The 61.8% level may act as a final short-term support if the trend continues downward. On the daily chart, a 38.2% retracement from a previous move could form a potential target near 0.00859, but bearish momentum suggests a retest of 0.00845 is more likely.

Backtest Hypothesis

Given the observed bearish structure, including the engulfing patterns and RSI oversold conditions that failed to produce a rebound, a backtest strategy could be designed around short entries at key Fibonacci levels with tight stop-loss orders. Specifically, an entry could be triggered after the price breaks below the 0.00850 level, with a stop above 0.00854 and a target at 0.00845. The high volume at the 15:45 ET candle suggests a strong signal for continuation. This setup would aim to capture the momentum while avoiding whipsaws in a consolidating phase. A trailing stop could be used if the price shows signs of stabilizing.