Market Overview for FUNToken/Tether (FUNUSDT): 24-Hour Summary as of 2025-09-23 12:00 ET

• FUNToken/Tether (FUNUSDT) posted a bullish close with strong momentum and rising volume in the last 24 hours.
• Price action shows a 0.62% gain on the session, with key resistance forming around $0.00864–$0.00867.
• Volatility increased through Bollinger Band expansion, and RSI entered overbought territory in the final hours.
• A strong volume spike coincided with a bullish reversal pattern around 02:00 ET, signaling possible support.
• Turnover was uneven, with a divergence in the final 12 hours, suggesting mixed investor sentiment.

The price of FUNToken/Tether (FUNUSDT) opened at $0.008531 on 2025-09-22 12:00 ET and closed at $0.00881 at 12:00 ET on 2025-09-23, with a high of $0.00893 and a low of $0.008485. Total traded volume was 23.7 million FUN, with notional turnover reaching $2.09 million. The session witnessed a sharp rally in the early morning hours and consolidation in the last few hours as buyers showed renewed aggression.

1. Structure & Formations

Price action revealed key support at $0.00856–$0.00859, where a bearish rejection was followed by a strong bullish reversal. A hammer candle formed around 02:00 ET (price: $0.00856–$0.00859), followed by a green engulfing pattern at 03:30 ET, indicating a potential short-term support level. Resistance appears to be forming near $0.00864–$0.00867 and again at $0.00882–$0.00887, with the latter acting as a recent overhead ceiling.

2. Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bullish, with the price above both. The 50-period line is currently at $0.00879, while the 20-period line is at $0.00882, reinforcing the recent bullish bias. On the daily chart, the 50-period MA is at $0.00863, below the 200-period MA at $0.00859, indicating that while the 24-hour rally is strong, longer-term bearish pressure may persist.

3. MACD & RSI

The MACD crossed into positive territory in the morning, with a growing histogram that suggests increasing bullish momentum. RSI spiked to 65 in the morning, reaching overbought territory (~70) in the last two hours, suggesting the potential for a pullback. However, the divergence between price and RSI remains weak, implying that the bullish trend could persist.

4. Bollinger Bands

Bollinger Bands expanded during the morning rally, with the price closing near the upper band at $0.00887. This suggests increased volatility and a possible continuation of the bullish trend. However, as RSI indicates overbought conditions, traders may look for a retest of the middle band ($0.00879) or a potential pullback toward the lower band ($0.00869) as a potential support area.

5. Volume & Turnover

Volume spiked significantly during the bullish reversal phase, particularly between 02:00 ET and 04:00 ET, with notable volume surges at $0.00862–$0.00865. The total volume of 23.7 million FUN was supported by increased notional turnover, especially in the early morning hours. However, a divergence between price and volume appeared in the final hours, with the price continuing to rise despite a drop in volume—suggesting the rally may face near-term resistance.

6. Fibonacci Retracements

Applying Fibonacci to the morning rally from $0.00856 to $0.00893, the 38.2% retracement level is at $0.00876 and the 61.8% level at $0.00868. These levels may offer strategic entry points for longs or targets for short-term traders. A retest of the 50% level at $0.00875 may occur, offering a potential pivot point before testing the key resistance at $0.00887.

7. Backtest Hypothesis

Given the price’s recent rally and bullish engulfing pattern at $0.00856–$0.00860, a backtest could simulate a buy signal at the open of the candle following the reversal, with a stop-loss placed below $0.00855 and a target at the 38.2% Fibonacci level. Using 20-period and 50-period MA crossovers as confirmations, a strategy could test the effectiveness of entering during the morning reversal phase, especially when supported by volume surges and RSI divergence. The test could include multiple time frames to evaluate the sustainability of the trend.