Market Overview for SafePal/Tether (SFPUSDT)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Nov 12, 2025 2:52 pm ET1min read
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Aime RobotAime Summary

- SafePal/Tether (SFPUSDT) fell 1.14% in 24 hours to 0.3548 amid heavy volume and bearish technical indicators.

- RSI near 30 signals oversold conditions, but MACD remains bearish with no bullish divergence, while Bollinger Bands show slight contraction.

- Key support at 0.3423-0.3442 saw strong volume, but a "Bearish Engulfing" strategy backtested poorly with -47.99% returns over 2022-2025.

- Price remains below 20/50-period moving averages, with Fibonacci levels at 0.350-0.351 and 0.346-0.344 critical for near-term direction confirmation.

Summary
• Price action fell 0.3588 → 0.3548, with a -1.14% 24-hour decline on heavy volume.
• RSI near 30 suggests oversold territory; MACD remains bearish with no divergence.
• Volatility is moderate, and Bollinger Bands show a slight contraction.

The SafePal/Tether (SFPUSDT) pair opened at 0.3583 on 2025-11-11 at 12:00 ET and closed at 0.3548 by 12:00 ET the next day. The 24-hour window saw a high of 0.3588 and a low of 0.3423. Total volume across the 15-minute candles was 491,883 units, with a notional turnover of $175,235. The price action reflects continued selling pressure, particularly in the midday hours on 11/11.

A key resistance level appears near 0.3588, where a bearish engulfing pattern emerged, followed by a sharp decline. A potential support level is forming around 0.3423–0.3442, where volume spiked. The price remains below key moving averages, with the 20-period and 50-period lines on the 15-minute chart both in bearish alignment.

RSI has dipped to 30, signaling oversold conditions, but without a corresponding bullish divergence in price or MACD. MACD remains in negative territory, with bearish

momentum
intact. Bollinger Bands have contracted slightly from earlier volatility, suggesting a possible increase in directional movement. The price is currently within the lower half of the bands, reinforcing a bearish bias.

Fibonacci retracement levels from the recent high of 0.3588 to the low of 0.3423 suggest that the 0.350–0.351 area (38.2% retracement) may serve as a short-term level to watch. A break below 0.3423 could bring the 61.8% level at 0.346 into focus.

Looking ahead, a test of the 0.344–0.346 range may confirm the near-term direction. Investors should remain cautious of continued bearish momentum unless there is a clear rejection of support and a reversal in volume patterns.

Backtest Hypothesis

The "Bearish Engulfing – 5-Day Short-Hold" strategy for SFPUSDT shows limited reliability over the 2022–2025 period. Despite a few large winning trades, the overall performance is sharply negative, with a total return of -47.99% and a Sharpe ratio of -0.003. The strategy appears to lack a consistent edge, likely due to high draw-downs and low win rates. These results align with the current bearish technical profile, suggesting that using bearish engulfing patterns alone may not be sufficient for generating reliable profits. Future iterations could consider adding trend filters or tighter risk management rules.