Market Overview for SafePal/Tether (SFPUSDT) as of 2025-11-13

Summary
• SafePal/Tether (SFPUSDT) traded between 0.3364 and 0.3489 in the past 24 hours.
• Price closed at 0.3406 on 2025-11-13 after opening at 0.3446 the previous day.
• Total volume reached 1,325,510, while turnover totaled approximately 454,650 USDT.

The SFPUSDT pair opened at 0.3446 on 2025-11-12 and traded as high as 0.3489 before correcting to a low of 0.3364. The session closed at 0.3406 on 2025-11-13, reflecting a bearish consolidation. The 24-hour volume amounted to 1,325,510 and turnover reached approximately 454,650 USDT, indicating moderate activity and liquidity in the pair.

Structure & Formations
Price has been consolidating within a descending channel, with the 0.3489 high acting as resistance and 0.3364 as recent support. A bearish engulfing pattern formed near the 0.3446–0.3405 range, signaling a potential continuation of the downward trend. A doji near 0.3409–0.3401 suggests indecision but is unlikely to reverse the current trend. The 0.3364 level now appears as a key support, and any break below could extend the decline to the next Fibonacci level at 0.3342.

Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages are both sloping downward, with price consistently trading below both, indicating bearish momentum. On the daily chart, the 50-period and 100-period moving averages are converging, with price hovering just below the 50-day MA, suggesting a possible short-term bounce is unlikely to hold without a strong close above 0.3446.

MACD & RSI
MACD has turned negative and is declining, with the histogram shrinking, suggesting weakening bullish momentum. RSI stands at 48, indicating a neutral zone, but the divergence between price and RSI in the 0.3436–0.3481 range suggests a bearish continuation is more likely. RSI has yet to enter overbought or oversold territory, indicating a balanced market with potential for further downside.

Bollinger Bands
The 20-period Bollinger Bands have widened recently, reflecting increased volatility. Price has been oscillating within the bands but has yet to break the lower band, which currently sits at 0.3392. The current price of 0.3406 is closer to the middle band, indicating a potential for a pullback but not a reversal. A breakout below the lower band may confirm a deeper correction.

Volume & Turnover
Volume has remained steady with no significant spikes, but turnover dipped during the consolidation phase around 0.3405–0.3417, suggesting traders are holding onto positions. The 15-minute volume profile shows heavier selling pressure in the 0.3403–0.3417 range, while turnover in the 0.3392–0.3417 range indicates a bearish shift. No clear divergence between price and volume has emerged, but caution is warranted as price approaches key psychological levels.

Fibonacci Retracements
Applying Fibonacci retracements to the 0.3364–0.3489 swing, the 61.8% level is at 0.3421 and the 38.2% level at 0.3452. Price has already tested the 61.8% level and is now approaching the 38.2% level as resistance. On the daily chart, the 61.8% retracement of the broader downtrend is at 0.3342, which could become a critical level in the coming days. A break below 0.3406 would bring the 0.3392 level into focus.

Backtest Hypothesis
To develop a robust backtest for SFPUSDT, we propose using RSI(14) > 70 as the overbought trigger for short entries and a 5% support level exit rule—selling when price closes 5% below the highest close since entry. This approach aligns with the recent bearish momentum and provides a clear, objective exit strategy. RSI and Fibonacci retracements can serve as confirmation tools, while volume can help assess trade validity. A backtest from 2022-01-01 to 2025-11-13 will evaluate the strategy’s efficacy in the current market structure.