Market Overview for FUNToken/Tether (FUNUSDT)

• FUNToken/Tether (FUNUSDT) opened at $0.009415 and closed at $0.009065, down 3.78% in 24 hours.
• Price swung between $0.00893 (23:45 ET) and $0.009643 (17:30 ET), with volatility peaking post-18:00 ET.
• Volume surged at $0.009757 (18:00 ET), then trended lower with a final 24-hr total of 153,080,104 FUN, $1,363,618 in turnover.
• RSI bottomed at 29 (00:45 ET), signaling oversold, but price failed to follow through with a strong rebound.
• A bearish engulfing pattern formed at $0.009492 (17:00 ET), confirming a shift in momentum to the downside.

FUNToken/Tether (FUNUSDT) opened at $0.009415 on 2025-09-14 at 12:00 ET and closed at $0.009065 on 2025-09-15 at 12:00 ET, down 3.78% over the 24-hour period. The pair reached a high of $0.009643 and a low of $0.008930. Total volume during the period was 153,080,104 FUN, with a notional turnover of $1,363,618. Price action displayed mixed momentum, with a strong bearish move after 17:00 ET and a weak rebound attempt late in the session.

Structure & Formations

Key support levels emerged around $0.009050–$0.009060, where price found refuge multiple times after sharp declines. Resistance held around $0.009500 and $0.009600, with the latter clashing with a bearish engulfing pattern at $0.009492–$0.009507. A morning reversal at $0.009757 appeared as a potential topping pattern, but the asset failed to reclaim the level. A doji formed at $0.009258 (01:30 ET), signaling indecision. The formation of a descending triangle is becoming more evident, with price failing to break above $0.009500 and drifting lower toward $0.009050.

Moving Averages

On the 15-minute chart, price closed below both the 20 and 50-period moving averages, which intersected near $0.009435–$0.009440. The 50 SMA acted as a dynamic resistance line, failing to provide support as price broke lower. On the daily chart, the 50/100/200-period SMAs are aligned bearishly, with price trending below all three. The 200 SMA currently sits at $0.009270, which may become a key level for near-term support.

MACD & RSI

The 12–26–9 MACD line turned negative in the final hours of the 24-hour window, confirming bearish momentum. The histogram showed a consistent decline in bullish energy and crossed below the signal line, reinforcing the downtrend. RSI dipped to 29 at 00:45 ET, suggesting oversold conditions, but price failed to rebound. The indicator remains within oversold territory, hinting at the potential for a short-term bounce, though a reversal is unlikely without confirmation above the 50 level.

Bollinger Bands

Bollinger Bands widened sharply during the morning hours, from $0.009450 (lower) to $0.009600 (upper), then narrowed as volatility eased. Price spent much of the session within the lower half of the bands, indicating bearish pressure. A notable break below the lower band occurred at $0.008930, signaling a shift in sentiment. The current width of the bands (~0.00035) remains above average, suggesting ongoing volatility.

Volume & Turnover

Volume peaked at $0.009757 (18:00 ET) with 25.5M FUN traded, but declined steadily afterward. Notional turnover mirrored this pattern, with the largest spike at $0.009757 but no follow-through on the downside. A divergence between price and volume was observed between 20:00 ET and 03:00 ET, as price declined further with diminishing volume. This may indicate a lack of conviction in the bearish move.

Fibonacci Retracements

Applying Fibonacci to the key swing from $0.009609 to $0.009315, the 38.2% and 61.8% levels sit at $0.009480 and $0.009398, respectively. Price failed to hold the 38.2% level and fell through to the 61.8% zone before continuing lower. On the daily chart, the $0.009270 level (200 SMA) aligns with the 38.2% retracement of the $0.009609–$0.009315 move, reinforcing its significance as a potential support area.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions on a bearish engulfing pattern at the 50-period moving average, with a stop above the engulfing pattern’s high and a take-profit at the nearest Fibonacci support level. The 15-minute chart showed this pattern at $0.009492, with the 50-period MA at $0.009435 providing an entry trigger. The 61.8% retracement at $0.009398 and the 200 SMA at $0.009270 could act as profit-taking levels. This setup may have yielded a reward-to-risk ratio of 2:1 or better, assuming no breakdown above $0.009500.