Market Overview for FUNToken/Tether (FUNUSDT) – October 3, 2025

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• FUNToken/Tether (FUNUSDT) posted a 24-hour low of $0.009421 and closed at $0.009776, up from the prior day's open of $0.009428.
• Price surged by ~3.71% over the last 24 hours amid increasing volume and volatility from 02:00–04:00 ET.
• RSI hit oversold territory in the early morning, followed by a strong bullish reversal, signaling potential momentum.
• Key support identified at $0.009704 (61.8% Fib level) with resistance near $0.00981 (20-period MA).
• Volatility remained elevated, as seen in the widening of Bollinger Bands during the breakout.

FUNToken/Tether (FUNUSDT) opened at $0.009428 at 12:00 ET on October 2 and closed at $0.009776 by 12:00 ET on October 3. The pair reached a high of $0.01 (24-hour peak at 02:00 ET) and a low of $0.009421. Total trading volume across the 24-hour period was approximately 414,076,760 FUN, with notional turnover amounting to ~$4,098,612. The price action showed a strong reversal pattern in the early morning hours, coinciding with significant volume spikes and RSI divergence.

1. Structure & Formations

The 15-minute chart shows a clear bullish reversal after hitting oversold RSI levels in the early morning. A strong bearish trend from 16:00–20:00 ET gave way to a bullish breakout around 02:00 ET, supported by a key 61.8% Fibonacci retracement level at $0.009704. Notable candlestick patterns include a morning star at ~02:00 ET and a bullish engulfing pattern at ~03:30 ET. Key support levels are at $0.009704 and $0.009685, while resistance levels include the 20-period EMA (~$0.00981) and 50-period EMA (~$0.00983).

2. Moving Averages

The 20-period and 50-period EMA on the 15-minute chart have both been bullish in the past 4–6 hours, with the 20 EMA crossing above the 50 EMA in a potential golden cross. Daily moving averages (50/100/200 EMA) are still in a bullish alignment, suggesting a longer-term bullish setup. The 20 EMA remains above the 50 EMA (~$0.00981 vs. ~$0.00983), reinforcing the short-to-medium term positive bias.

3. MACD & RSI

The MACD has shown a strong bullish divergence in the early morning, with a histogram expansion and a cross above the signal line. RSI moved from oversold territory (~25) to a neutral level (~55) during the bullish breakout, indicating that the rally is supported by renewed momentum. RSI remains above 50, suggesting a continuation of the upward trend is possible if key resistance levels are cleared.

4. Bollinger Bands

Volatility increased significantly after 02:00 ET, with the price breaking out above the upper Bollinger Band at ~$0.0098. The bands had previously been in a contraction phase (consolidation from ~16:00–20:00 ET), indicating a possible breakout was imminent. The current price is now inside the bands but closer to the upper boundary (~$0.00983), suggesting potential for further upward movement if the trend continues.

5. Volume & Turnover

Volume surged significantly during the breakout phase (02:00–04:00 ET), with the largest 15-minute volume spike at ~03:15 ET (73.8 million FUN traded). Notional turnover (FUN × USDT) also spiked during this period, aligning with the price movement and reinforcing the legitimacy of the reversal. However, volume has since normalized, suggesting further confirmation may be needed before a sustained move higher.

6. Fibonacci Retracements

Key Fibonacci levels have played a role in both support and resistance. The 61.8% retracement of the recent bearish leg was at ~$0.009704, which was successfully tested and held as support. The 50% retracement (~$0.00964) was also a key pivot point. On the upside, the 78.6% level (~$0.00989) may act as a near-term resistance target if the bullish momentum persists.

7. Backtest Hypothesis

A potential backtesting strategy could focus on entries at the 61.8% Fibonacci retracement level during periods of low volatility (Bollinger Band contraction), followed by exits at the 78.6% level or upon RSI overbought conditions (~75). Entries would be confirmed by bullish candlestick patterns (e.g., morning star, bullish engulfing) and a MACD histogram expansion. Stops could be placed below the previous swing low (~$0.009685), with targets aligned with moving average levels and key Fibonacci extensions.