Market Overview for FUNToken/Tether (FUNUSDT) on 2025-10-11

• FUNToken/Tether surged to 0.008456 before a sharp selloff to 0.0034, with recovery to 0.005999 near the end of the 24-hour window.
• Volatility spiked sharply after 19:00 ET with a 61.8% Fibonacci retracement aligning with a key support level.
• RSI hit oversold territory twice, suggesting potential for a rebound, though volume diverged in the final hours.
• Bollinger Bands expanded during the selloff, indicating high uncertainty, while momentum shifted back toward buyers after midnight.
• Notional turnover exceeded $260 million, with a strong volume spike between 21:00 and 22:00 ET reflecting panic selling.

FUNToken/Tether (FUNUSDT) opened at 0.00824 on 2025-10-10 at 12:00 ET and reached an intraday high of 0.008456 before plunging to a low of 0.0034 by 21:30 ET. The pair closed at 0.005999 as of 12:00 ET on 2025-10-11. Total volume traded over the 24-hour period was approximately 280,879,880 USDT, with a notional turnover of over $260 million. The price action reflects a volatile 24-hour session marked by a sharp selloff followed by a partial recovery.

Structure & Formations

The 15-minute chart displayed a bearish engulfing pattern at 19:30 ET, confirming the start of a significant downtrend. A deep selloff followed, with price breaking below key support levels at 0.008317 and 0.00822. The price then entered a sharp corrective phase, forming multiple doji around 0.005518 and 0.005579, indicating indecision. A bullish reversal may be possible if buyers defend the 0.005505 level, which aligns with a 38.2% Fibonacci retracement of the 0.008456–0.0034 leg.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, confirming a bearish bias during the selloff. On the daily chart, the 50-period MA is positioned above the 100 and 200-period MAs, reflecting a longer-term bearish trend. The price is currently trading below all three moving averages, which suggests continued bearish momentum unless a strong reversal is confirmed by a break above the 0.005625 level.

MACD & RSI

The MACD line showed a strong bearish divergence with price during the selloff, confirming the strength of the move lower. RSI fell into oversold territory twice, at 0.003858 and 0.005505, indicating potential for a short-term bounce. However, volume failed to confirm these rebounds, suggesting that any rally may be short-lived. A sustained move above 0.005700 would likely push RSI into a more neutral range, supporting a potential consolidation phase.

Bollinger Bands

Bollinger Bands expanded significantly during the selloff, with price hitting the lower band at 0.0034. This expansion indicates heightened volatility and increased uncertainty in the market. Price action has since moved closer to the middle band, currently hovering around 0.0055–0.0056, suggesting a potential narrowing of volatility and a possible consolidation phase. Traders should monitor for a contraction in band width as a sign of potential trend resumption.

Volume & Turnover

Volume spiked sharply at 21:00–22:00 ET, coinciding with the selloff to 0.0034. This high-volume move confirms the bearish breakout. However, volume declined in the recovery phase after midnight, indicating weaker conviction among buyers. Notional turnover spiked above $20 million during the selloff, with a smaller but sustained flow following the recovery. The volume profile suggests a possible exhaustion of bearish momentum but lacks confirmation of a strong reversal.

Fibonacci Retracements

The 0.008456–0.0034 swing produced a 61.8% retracement at 0.005787, which coincided with a key support level. Price bounced off this level at 0.005704 and 0.005702, suggesting strong support. The 38.2% retracement at 0.006538 has acted as a resistance for the current recovery attempt. A successful close above this level could signal a shift in sentiment from bearish to neutral.

Backtest Hypothesis

The proposed backtesting strategy aims to capture short-term volatility and profit from sharp corrections by entering long positions on retracements to key Fibonacci levels following a confirmed breakdown. It leverages 20-period moving averages and RSI divergence as entry filters. Historical data suggests that such strategies can be effective during periods of high volatility, as seen in this 24-hour window. However, the risk of false breakouts and premature entries remains, particularly when volume fails to confirm key price levels.