Flamingo/Tether (FLMUSDT) Market Overview

• FLMUSDT traded in a 0.0196–0.0207 range, ending near the high with a 0.0199 close.
• Momentum wavered but remained neutral, with RSI dipping below 50 by the 24-hour close.
• Volatility expanded late in the session as the pair breached recent Bollinger Band resistance.
• Volume surged in the 15–30-minute window of the morning, followed by a steady increase after 16:00 ET.
• A bullish engulfing pattern formed late in the session, hinting at a potential short-term reversal.

Flamingo/Tether (FLMUSDT) opened at 0.02 on 2025-10-11 12:00 ET and closed at 0.0199 by 12:00 ET on 2025-10-12. The pair hit a high of 0.0207 and a low of 0.0196 over the 24-hour period. Total trading volume was 46,436,857.0, and notional turnover reached $918,560.0, suggesting rising participation as the session progressed.

The 15-minute chart shows a dynamic price structure, with key support levels identified at 0.0196–0.0197 and resistance forming around 0.0207–0.0208. A bullish engulfing pattern emerged in the final candle at 16:00 ET, suggesting a potential short-term reversal. A doji formed at 12:00 ET, indicating indecision. A minor bearish divergence in volume at 0.0196–0.0197 suggests caution as support is tested.

The 20-period moving average crossed the 50-period line in the morning, signaling a shift to a bullish bias. On the daily chart, the 50- and 200-day averages are converging, but the 100-day line remains above the 200-day line, indicating intermediate-term bullish momentum. Price remains well above the 50-day MA, reinforcing the near-term bullish case.

RSI fluctuated between overbought and neutral levels, peaking near 60 by the end of the 24-hour period. MACD crossed into positive territory with a bearish histogram divergence observed at 12:15 ET. Bollinger Bands expanded late in the session as price pushed above the upper band, suggesting increased volatility and potential continuation of the bullish trend.

Volume increased significantly in the morning, with the largest single candle at 20:00 ET contributing 3,916,715 units. Turnover also surged at the same time, confirming the price move. A divergence between price and turnover is observed at 12:15–12:30 ET, indicating cautious momentum. However, volume and turnover align closely after 16:00 ET, reinforcing the bullish bias.

Fibonacci retracement levels from the 0.0196–0.0207 swing identified 38.2% at 0.0199 and 61.8% at 0.0204. Price hovered near the 38.2% level at the close, indicating a potential short-term pause. A daily retracement from 0.0196 to 0.0207 also aligned with the 61.8% level at 0.0204, which appears to be a key resistance zone.

FLMUSDT may continue to trend higher in the next 24 hours if the 0.0204 level holds and volume remains supportive. However, a retest of 0.0196 could trigger a short-term pullback. Investors should watch for a break above 0.0208 to confirm a stronger bullish trend.

The Backtest Hypothesis involves entering long positions at the close of a bullish engulfing pattern with volume confirmation, exiting on a 61.8% Fibonacci retracement or a bearish divergence in the MACD. The strategy aims to capture short-term momentum with a stop-loss placed below the 38.2% Fibonacci level. Based on today’s data, the 16:00 ET candle aligns with the setup, suggesting potential for a 0.0204–0.0208 target over the next 24 hours.