Market Overview: FUNToken/Tether USDt (FUNUSDT) on 2025-09-05

• Price climbed from 0.009287 to 0.009483, showing strong upward momentum in the last 24 hours.
• Volume spiked significantly in the early hours of 2025-09-05, confirming bullish sentiment.
• A bullish engulfing pattern emerged around 03:15–03:30 ET, supporting a continuation of the uptrend.
• RSI near overbought levels and MACD with a positive divergence suggest a potential pullback.

FUNToken/Tether USDt (FUNUSDT) opened at 0.009287 at 12:00 ET–1 and reached a high of 0.009499 before closing at 0.009462 at 12:00 ET. Total 24-hour volume was 123.4 million FUN tokens, with a notional turnover of $1.15 million. The price action and volume signal a strong continuation of bullish momentum.

Structure & Formations

The price of FUNUSDT showed a consistent bullish bias during the 24-hour window, forming a series of higher highs and higher lows. A notable bullish engulfing pattern formed around 03:15–03:30 ET, with the close at 0.009461 above the prior candle’s body, indicating strong buying pressure. Key support levels held at 0.009425–0.009450, while resistance appears to be forming at 0.009490–0.009500, where the price showed hesitation in the final 30 minutes before the close.

Moving Averages

On the 15-minute chart, FUNUSDT is above its 20-period and 50-period moving averages, indicating bullish momentum in the short term. The 50-period MA crossed above the 100-period MA earlier in the day, confirming a continuation of the uptrend. On the daily chart, the price is above the 50-period and 100-period moving averages but near the 200-period MA, suggesting the pair remains in a medium-term bullish phase, though caution is warranted as it approaches the 200-period line.

MACD & RSI

The MACD line rose above zero in the early hours of 2025-09-05 and remained positive throughout the session, with a clear bullish divergence in the final hour as price pulled back slightly while the MACD remained strong. The RSI indicator moved into overbought territory, peaking near 72, but failed to close above it, indicating potential for a consolidation or correction in the near term. A bearish reversal in the RSI could signal caution, though the price action still shows strength.

The stochastic oscillator showed similar behavior, with the fast line entering overbought territory and forming a potential top. Traders should monitor for a breakdown in momentum as a possible early sign of a retracement.

Bollinger Bands

The price of FUNUSDT spent the majority of the 24-hour window within the upper Bollinger Band, indicating a period of high volatility and bullish bias. A minor contraction in band width occurred during the early morning hours, which could signal a potential breakout. However, the current positioning near the upper band suggests that the price may be due for a reversion toward the mean or a consolidation phase. Traders may watch for a break of the upper band as confirmation of a stronger bullish impulse.

Volume & Turnover

Volume was unevenly distributed throughout the 24-hour period, with significant buying pressure evident in the 02:00–05:00 ET window. The largest volume spike occurred at 03:15–03:30 ET with a 1.72 million FUN token trade, coinciding with a bullish engulfing pattern. Turnover also surged during this period, confirming the pattern’s validity. In the final hour before the 12:00 ET close, volume and turnover both decreased slightly, suggesting a potential shift in market sentiment or a period of profit-taking.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent 15-minute swing, key levels include 0.009453 (38.2%), 0.009440 (50%), and 0.009425 (61.8%). The price has held above the 61.8% level since 07:30 ET, suggesting strong support. For the daily chart, retracement levels from the recent low to high suggest a 38.2% level at 0.009382 and a 61.8% level at 0.009287. The price remains above both, reinforcing the bullish case for now.

Backtest Hypothesis

A potential backtest strategy for FUNUSDT could involve entering a long position on the 15-minute chart when the price closes above the 50-period moving average and the RSI breaks above 50. A stop-loss could be placed just below the most recent swing low, and a take-profit target aligned with the 0.009500–0.009510 Fibonacci extension. This approach leverages the current bullish momentum and aligns with the confirmed moving average and RSI signals. Given the recent divergence in RSI, a trailing stop-loss would help protect gains and allow for possible continuation of the trend.