Summary
• Price climbed from $0.001754 to $0.001865, forming a strong bullish pattern.
• Volatility spiked after 20:00 ET, with volume surging past 16.7 million.
• RSI hit overbought levels, indicating potential for near-term pullback.
• Bollinger Bands widened, showing increasing price dispersion.
• Turnover diverged from price after 05:00 ET, suggesting mixed sentiment.
FUNToken/Tether (FUNUSDT) opened at $0.001754 on 2025-12-31 12:00 ET, reached a high of $0.001875, and closed at $0.001861 by 2026-01-01 12:00 ET, with a low of $0.001733. Total traded volume reached 95.9 million FUN, and notional turnover was $17,457.
Structure & Formations
Price formed a strong bullish structure after breaking above a key resistance near $0.001825, with a long bullish engulfing pattern forming around 20:15 ET. A key support level appears to be forming at $0.001805, with price bouncing off it three times within the 24-hour period. A potential bearish reversal doji emerged at 08:00 ET, suggesting short-term consolidation may be ahead.
Moving Averages
On the 5-minute chart, price moved above the 20-period and 50-period moving averages, confirming a bullish bias. The daily chart shows a strong crossover above the 50-period MA with the 100 and 200-period lines still acting as key support below $0.001800.
MACD & RSI
The MACD crossed into positive territory around 19:30 ET and remained bullish for most of the session. RSI hit overbought levels above 70 multiple times, indicating possible bearish correction in the near term. Divergence between RSI and price was observed in the early morning, suggesting weakening momentum.
Bollinger Bands
Bollinger Bands experienced a sharp widening after 20:00 ET, reflecting increased volatility during the upward move. Price remained above the 20-period midline for most of the session, with occasional retests of the upper band. A contraction in the bands was noted near the open, hinting at a period of consolidation before the breakout.
Volume & Turnover
Volume spiked dramatically during the breakout phase, particularly between 20:00 ET and 21:00 ET, when over 32 million FUN changed hands. Notional turnover confirmed the bullish action, with the largest single 5-minute bar reporting $2,627.34 in turnover. Divergence between rising price and falling turnover after 05:00 ET suggests mixed market sentiment.
Fibonacci Retracements
Key Fibonacci levels on the 5-minute chart showed price finding support at the 61.8% retracement of the previous bearish swing near $0.001805. On the daily chart, the 38.2% level at $0.001830 appears to be a key area for near-term price action.
Looking ahead,
appears to be in a strong short-term uptrend, with momentum indicators suggesting a possible pullback into overbought levels. A retest of the $0.001830–$0.001840 range could signal continuation or consolidation, depending on volume confirmation. Investors should remain cautious of overbought RSI levels and potential bearish divergence in the next 24 hours.
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