Market Overview for FUNToken/Tether (FUNUSDT) — 24-Hour Summary as of 2025-09-18 12:00 ET

• FUNToken/Tether surged above 0.00942, breaking key resistance, driven by high-volume buying during U.S. hours.
• Price momentum accelerated as RSI crossed into overbought territory, suggesting a pullback may follow.
• Bollinger Bands expanded during the rally, reflecting increased volatility and positioning near the upper band.
• Volume and turnover aligned with bullish price action, with no major divergence signaling weak short-term conviction.
• A large bullish engulfing pattern formed after 19:00 ET, supporting a potential continuation of the upward trend.

The FUNToken/Tether (FUNUSDT) pair opened at 0.009211 on 2025-09-17 at 12:00 ET and closed at 0.009389 at 12:00 ET on 2025-09-18. The price reached a 24-hour high of 0.009647 and a low of 0.009200. Total volume amounted to 343,044,312.0 FUN over the period, while notional turnover was $3,165,275.00 (using closing prices for estimation).

Structure & Formations

Price action on FUNUSDT exhibited a strong bullish bias over the past 24 hours, forming a key bullish engulfing pattern at the end of the uptrend. The pattern emerged as price opened near 0.009331 and closed near 0.009379 in the session following the 19:00 ET low. This suggests strong buying interest and a potential continuation of the rally. A key support level at 0.00935–0.009375 appears to have held multiple times, indicating a possible short-term floor. Resistance appears to have been overcome above 0.00942, with a prior high at 0.009467 now within reach.

Moving Averages

Short-term momentum is reflected in the 20- and 50-period moving averages on the 15-minute chart, which have both surged in tandem with the price rally. The 20-period MA crossed above the 50-period MA, forming a golden cross, reinforcing the bullish setup. On the daily chart, price is trading above both the 50 and 200-period MAs, indicating a longer-term bullish trend remains intact. The 100-period daily MA at 0.00935 acts as a potential support level if the current rally begins to correct.

MACD & RSI

The MACD has turned positive and remains in bullish territory, with a strong divergence between price and MACD not observed during this rally. The 24-hour RSI for FUNUSDT closed near 73, signaling overbought conditions. While this may indicate a potential short-term pullback, RSI has not yet reached extreme levels, suggesting the rally may persist for another 4–6 hours before a correction becomes likely.

Bollinger Bands

Bollinger Bands have expanded significantly in response to the surge in volatility. The price has traded near the upper band for much of the last 12 hours, particularly after 19:00 ET. This suggests that while the market is highly volatile, a potential consolidation period could be imminent if price moves to the lower band for support.

Volume & Turnover

Volume and turnover aligned with the price surge, particularly from 19:00 ET onward. The most notable spike occurred between 02:30 and 03:30 ET on 2025-09-18, where turnover exceeded $485,000 with volume over 5 million FUN. This suggests strong institutional or large retail participation during the rally. No significant divergence was observed between price and volume, indicating the buying pressure remains consistent.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing low at 0.009331 and high at 0.009647, price is currently testing the 78.6% level at 0.00949. A break above this level would bring the 88.6% retracement at 0.00958 into focus. On the daily chart, the 61.8% level at 0.00945 could act as a critical pivot point for the next few days, either as support or resistance depending on the trend’s direction.

Backtest Hypothesis

Given the recent bullish engulfing pattern and the confirmation of a golden cross on the 20/50-period moving average, a backtest could consider a long entry at the open of the candle following the close of the engulfing pattern. A stop-loss could be placed just below the pattern’s low at 0.009331, while a take-profit target aligns with the 78.6% Fibonacci level at 0.00949. This setup assumes continued buying interest and momentum, but traders should closely monitor RSI for signs of overbought exhaustion.