Flamingo Finance Market Overview

• Price edged higher from 0.0319 to 0.0327, forming a bullish continuation pattern.
• Bullish momentum strengthened midday, with RSI showing no overbought conditions.
• Volume surged during the 00:15 ET candle, suggesting increased liquidity and participation.
• Price stayed within Bollinger Bands, indicating moderate volatility and consolidation.
• A bearish divergence in later hours hints at potential short-term profit-taking.

Flamingo Finance (FLMUSDT) opened at 0.0319 on 2025-08-22 at 12:00 ET, reaching a high of 0.0331 and a low of 0.0317, closing at 0.0327 by 12:00 ET on 2025-08-23. Total volume was 23,688,700.0 and turnover was $766,387.74 (based on cumulative amount × price).

Structure & Formations

The price action formed a bullish continuation pattern from 0.0319 to 0.0327, with a strong bullish breakout above key intraday resistance around 0.0326–0.0328. A bullish engulfing pattern was evident during the 00:30 ET candle, followed by a doji near 0.0328, indicating indecision. Support levels are now consolidating at 0.0325–0.0327, while resistance remains at 0.0329–0.0331.

Moving Averages

On the 15-minute chart, the price closed above both the 20-EMA and 50-EMA, suggesting a bullish bias. The 50/100/200-day MA on the daily chart is not directly visible in this data set, but the recent upward drift implies a potential retest of key daily support at 0.0320.

MACD & RSI

The MACD showed a bullish crossover midday, aligning with the price breakout. The RSI peaked around 61, indicating moderate momentum with no signs of overbought conditions. A bearish divergence in the latter hours suggests potential profit-taking or a consolidation phase ahead.

Bollinger Bands

The price remained within the Bollinger Bands for most of the 24-hour period, with a moderate volatility range. A slight contraction occurred during the 02:00–04:00 ET window, which may hint at a build-up of momentum ahead of the late rally.

Volume & Turnover

Volume spiked at 00:15 ET with a turnover of $4,394.56, signaling increased interest. A notable drop-off in volume after 02:45 ET indicates waning buyer enthusiasm, which could be a warning sign for further consolidation. The volume profile supports the bullish price move, with no clear divergence detected.

Fibonacci Retracements

Key Fibonacci levels on the recent 15-min swing from 0.0317 to 0.0331 sit at 38.2% = 0.0324, 50% = 0.0324, and 61.8% = 0.0327, aligning with the current consolidation area. Price appears to be finding support at the 61.8% level, suggesting a potential extension to 0.0331 could be in play if buyers step in.

FLMUSDT may consolidate around current levels in the next 24 hours, with a higher probability of a continuation above 0.0328 if volume picks up again. However, traders should watch for a breakdown below 0.0325 as a potential reversal signal.