SafePal/Tether (SFPUSDT) Market Overview – 2025-11-06

Summary
• Price consolidates near 0.3360 with bearish momentum.
• Volatility peaks at 0.3390–0.3350 but weak follow-through.
• RSI suggests oversold conditions but lacks bullish confirmation.
• Volume spikes at 23:45 ET but failed to push higher.
• Fibonacci retracements highlight potential support at 0.3335–0.3325.

SafePal/Tether (SFPUSDT) opened at 0.3353 on 2025-11-05 at 12:00 ET, reached a high of 0.3392, touched a low of 0.3257, and closed at 0.3261 on 2025-11-06 at 12:00 ET. Total volume for the 24-hour window was 1,474,454.40, and notional turnover was approximately $496,420.62.

The 15-minute chart shows a complex structure with key resistance forming at 0.3380–0.3390 and support at 0.3350–0.3335. A bearish engulfing pattern emerged near 0.3370, followed by a long lower wick at 0.3382, hinting at rejection at higher levels. The price failed to hold above 0.3380 after a late-volume push, suggesting short-term bearish exhaustion.

The 20-period EMA crossed below the 50-period EMA, forming a potential death cross, while the 50-period line acts as a dynamic resistance. Bollinger Bands show moderate volatility expansion, with price hovering near the lower band in the final hours, signaling a potential bounce. The RSI, however, remains in oversold territory near 30, but lacks strong bullish reversal cues. MACD shows a bearish crossover in the 15-minute timeframe, with momentum fading.

Fibonacci retracements on the 0.3257–0.3392 move highlight key levels: 61.8% at 0.3327 and 38.2% at 0.3353. The price has bounced off the 61.8% level multiple times, suggesting it may hold as a short-term support. If it breaks 0.3325, the next target is 0.3306, where further consolidation or reversal could occur.

Backtest Hypothesis

The RSI-based overbought/oversold strategy aims to capture short-term reversals in a volatile market like SFPUSDT. By leveraging the RSI’s ability to identify extreme momentum, traders can initiate long positions when RSI < 30 and short positions when RSI > 70, with stop-loss and take-profit levels aligned to Fibonacci retracements and key moving averages. However, due to the data-service limitation, a successful backtest requires access to historical SFPUSDT OHLCV data. Without this, any hypothetical testing would lack empirical validation. If you provide this data, we can perform a tailored backtest to evaluate the strategy’s viability on this pair.