Market Overview: FUNToken/Tether (FUNUSDT) on 2025-12-17

Summary
• Price declined through key support levels into the 0.001830-0.001825 range.
• Volume surged during the 05:30 ET session with a 20.7M turnover.
• RSI and MACD show bearish momentum with no signs of oversold conditions.
• Bollinger Bands expanded during the sell-off, indicating heightened volatility.
• A bearish engulfing pattern formed around 0.001845–0.001860 before the key breakdown.

FUNToken/Tether (FUNUSDT) opened at 0.001885 on 2025-12-16 at 12:00 ET and closed at 0.001854 on 2025-12-17 at 12:00 ET, with a high of 0.001889 and a low of 0.001814. Total volume for the 24-hour window was 166,356,700 tokens, with a notional turnover of approximately $302,219,105.

Structure & Key Levels

Price action on FUNUSDT formed a clear bearish trend over the 24-hour period, with multiple breakdowns below key psychological levels including 0.001850 and 0.001840. The most significant move came during the 05:30 ET session, where a 0.001848–0.001814 bearish engulfing candle triggered a sharp selloff. Key support appears to have consolidated near 0.001825–0.001830, while resistance is likely to remain tested at 0.001840–0.001845.

Momentum & Volatility

MACD remained bearish throughout, with the histogram expanding during the early morning sell-off. RSI hit bearish territory and failed to show any rebounding momentum, indicating continued selling pressure. Bollinger Bands showed a significant widening during the 05:00–06:00 ET period, reflecting heightened volatility. The 20-period moving average on the 5-minute chart acted as a dynamic resistance, repeatedly capping buying attempts.

Volume and Turnover

Volume spiked sharply during the 05:30–06:00 ET period, reaching 20.7 million traded tokens, with a corresponding notional turnover of $37,859,338. The price-volume divergence was bearish, with price falling despite increasing turnover. Turnover remained above average for much of the session, indicating active market participation, though largely on the sell side.

Pattern & Fibonacci Insights

A bearish engulfing pattern was confirmed at 0.001848–0.001814, marking a key turning point. Fibonacci retracement levels from the 0.001889–0.001814 swing show 0.001840 as the 38.2% level and 0.001825 as the 61.8% level, both now critical for near-term direction.Price appears to be forming a potential bearish flag pattern near 0.001835–0.001840.

FUNToken/Tether may continue to test 0.001825–0.001830 over the next 24 hours, with the potential for a short-term bounce or reversal. However, a sustained close below 0.001825 could trigger deeper bearish momentum. Investors should monitor volume and turnover for signs of accumulation or capitulation.