Market Overview for FUNToken/Tether (FUNUSDT) – September 28, 2025

• FUNToken/Tether (FUNUSDT) traded in a narrow range overnight before a sharp intraday move to a 24-hour high of $0.009642.
• Momentum accelerated midday with RSI reaching overbought territory, indicating potential for a near-term correction.
• Volatility expanded in the early hours, with Bollinger Bands widening and price action pushing above the 50-period moving average.
• Notional turnover spiked in the 02:45–04:30 ET window, suggesting active accumulation or distribution.
• A bullish engulfing pattern formed between 04:15–04:30 ET, signaling short-term bullish bias amid broader consolidation.

FUNToken/Tether (FUNUSDT) opened at $0.009372 on September 27 at 12:00 ET and closed at $0.009539 on September 28 at 12:00 ET, with a high of $0.009642 and a low of $0.009312. The 24-hour trading volume was approximately 86,021,449 tokens, with a notional turnover of $826,581,319. Price action revealed strong overnight buying pressure, followed by a consolidation phase and a sharp rally in the early morning hours.

Structure and formations revealed a critical support zone between $0.009450 and $0.009475, which held during multiple pullbacks. A bullish engulfing pattern emerged between 04:15–04:30 ET, as the pair surged from $0.009567 to $0.009675, followed by a bearish reversal candle at 04:30 ET. This suggests a potential short-term top forming above $0.009650, with a key resistance at $0.009682. A doji formed at 05:45 ET, indicating indecision at higher levels.

The 20-period and 50-period moving averages on the 15-minute chart crossed into bullish territory after the 03:00 ET rally, suggesting trend strength. The 50-period MA at $0.009585 and the 20-period MA at $0.009610 were both above the price during the morning surge, reinforcing a bullish bias. On a daily basis, the 50-day MA is at $0.009423, the 100-day at $0.009391, and the 200-day at $0.009354 — all below the current price, signaling a short-term bull trend amid a longer-term bullish setup.

MACD turned positive during the overnight rally, with a bullish crossover occurring at 03:00 ET, confirming the upward thrust. The histogram expanded from $0.000003 to $0.000014 over 30 minutes, indicating strong buying momentum. RSI surged above 70 during the 04:00–05:00 ET window, reaching as high as 74.6, indicating overbought conditions and a potential pullback. Bollinger Bands widened as volatility increased, with price touching the upper band multiple times in the early morning before stabilizing within the channel.

Volume was highly concentrated between 02:45–04:45 ET, with the highest notional turnover occurring at 04:15 ET. The total turnover in that hour was approximately $18.5M, with a volume of ~3.85M tokens. A divergence appeared between price and turnover during the 06:00–08:00 ET pullback, with price declining while turnover remained relatively flat — a potential warning of weakening conviction.

Fibonacci retracement levels drawn from the overnight low of $0.009415 to the high of $0.009642 placed the 61.8% level at $0.009550 and the 38.2% level at $0.009507. Price tested the 38.2% level at 07:45 ET and bounced back up, suggesting a strong support. The 61.8% level at $0.009550 could act as a potential short-term target for a retracement or consolidation phase.

Backtest Hypothesis
The observed price structure and indicator behavior from 03:00–05:00 ET suggest a potential short-term breakout strategy. A backtest could evaluate entries at the 20-period MA during a MACD crossover (confirmed by volume expansion) and targets aligned with Fibonacci 61.8% and 78.6% retracement levels. A stop-loss could be placed below the 38.2% Fibonacci level or the doji low at $0.009557. This approach would aim to capture momentum-driven intraday moves in a volatile, trend-forming environment.