Flamingo/Tether Market Overview for 2025-11-12

Summary
• Flamingo/Tether (FLMUSDT) fell to a 24-hour low of $0.0151 amid declining momentum.
• A sharp bearish trend emerged, with price closing below key support levels.
• Volume picked up during the decline, confirming the bearish breakout.
• RSI signaled oversold conditions, suggesting potential short-term bounce.
• MACD divergence hinted at weakening bearish momentum.

FLMUSDT opened at $0.0172 on 2025-11-12 12:00 ET-1 and closed at $0.0167 on 12:00 ET today. The pair hit an intraday high of $0.0173 and a low of $0.0151. Over the past 24 hours, the total volume traded reached 27,826,110.0 FLM, with a notional turnover of $466,054.74. The price action shows a strong bearish bias, with a consistent drop in price and increased volume confirming the breakdown.

Structure & Formations

The 15-minute chart shows a series of bearish inside bars and engulfing patterns, especially between 18:00 and 20:15 ET. A key support level at $0.0160 appears to be under pressure, with the price failing to retest the $0.0165–0.0170 resistance zone. A potential short-term base may form around $0.0160–0.0162 if buyers step in, but a break below $0.0156 could extend the downward move.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are both bearishly aligned, with the price below both. On the daily chart, the 50-day moving average is at $0.0163, currently acting as a dynamic resistance. A close below the 200-day MA at $0.0167 may confirm a deeper bearish phase, with the 100-day MA offering potential near-term support if the downtrend pauses.

MACD & RSI

The MACD line has turned negative and crossed below the signal line, signaling a bearish crossover. The RSI stands at 29, indicating oversold conditions, but without a clear reversal pattern or volume confirmation, a bounce may be limited. Divergence between RSI and price in the final hours suggests weakening bearish momentum, though a strong break below $0.0156 would likely reignite selling pressure.

Backtest Hypothesis

Given the bearish divergence and RSI oversold reading, a potential backtesting strategy could involve a short entry at the close of the next candle following confirmation of the breakdown below $0.0160, with a stop-loss above the 50-period MA. A fixed take-profit at the 38.2% Fibonacci level from the recent swing high of $0.0173 could offer a risk-reward profile of ~1:1.5. To run this strategy, specify if testing on a single symbol (e.g., FLMUSDT) or a basket of tokens, and whether to enter at the close or next open.