Market Overview for FUNToken/Tether (FUNUSDT) on 2025-11-09

Summary
• Price opened at $0.002213 and closed at $0.002302 within 24 hours, rising 4.07%.
• Volatility peaked after 17:00 ET with a 0.53% 15-minute move to $0.002398.
• Turnover spiked above $100M post 16:45 ET on massive buying flow.

FUNToken/Tether (FUNUSDT) opened at $0.002213 at 12:00 ET-1, reached a high of $0.002398, dipped to a low of $0.002149, and closed at $0.002302 at 12:00 ET today. Total trading volume was 310.9 million FUN, with notional turnover exceeding $70 million over 24 hours.

Structure & Formations

Price formation showed strong bearish pressure early in the 24-hour window, with a notable breakdown candle at 03:45 ET printing a high of $0.002166 and closing at $0.002154, breaking below key support at $0.00216. A subsequent bullish reversal occurred from 09:00 ET, marked by a bullish engulfing pattern at $0.002210–$0.002222. Further consolidation followed, and price surged after 14:30 ET with a sharp move to $0.002332, forming a bullish flag pattern.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were crossed at 15:45 ET, with price closing above both for the first time in the session. On the daily chart, the 50-period SMA at ~$0.00225 served as dynamic support, with price currently above the 100-period and 200-period SMAs (~$0.00220), indicating a possible trend reversal to the upside.

MACD & RSI

The MACD turned positive after 15:45 ET, showing a bullish crossover and expanding histogram, consistent with rising momentum. The RSI climbed above 60 during the late morning, reaching a peak of 72 at 17:00 ET, indicating overbought conditions. A pullback below 60 may trigger profit-taking, while a close above 70 could confirm a strong continuation.

Bollinger Bands

Price broke out above the upper Bollinger Band at 17:00 ET, reaching $0.002398—over 2 standard deviations above the 20-period mean. The band width had contracted significantly from 04:00–14:00 ET, suggesting a period of low volatility before the explosive move. Current positioning suggests a high probability of continuation or consolidation above the midline.

Volume & Turnover

Volume was unevenly distributed, with the largest 15-minute volume spike at 17:00 ET, when 49.7 million FUN changed hands. Turnover also surged, hitting $117M during that period. Divergence emerged between volume and price after 02:45 ET, where volume declined despite continued bearish movement—potentially signaling a near-term reversal.

Fibonacci Retracements

On the 15-minute swing from $0.002149 to $0.002398, price tested the 50% retracement at $0.002274 before continuing higher. The 61.8% level at $0.002295 served as a key resistance, which was briefly breached. On the daily chart, a key 38.2% retracement at $0.00228 is now in play as support, with the 61.8% level at $0.00224 potentially acting as short-term resistance.

Backtest Hypothesis

A backtesting strategy based on the Bullish Engulfing candlestick pattern was attempted but could not be executed due to an issue with the ticker identifier. To proceed, the correct ticker (e.g., FUNUSDT on Binance or another recognized exchange code) or manually supplied pattern dates must be provided. Once resolved, the strategy could be backtested from 2022-01-01 to today, using entry rules such as long entry at the close of the engulfing candle, with a stop-loss at the low of the engulfing pattern and a take-profit target at the prior swing high.