Flow/Tether Market Overview

• FLOWUSDT declined by ~0.26% over the past 24 hours with a range of 0.369–0.382.
• Key support appears near 0.371, with resistance forming at 0.377–0.378.
• Volatility increased mid-day, followed by consolidation.
• Volume surged near 0.372–0.374 but failed to confirm bullish momentum.
• RSI and MACD indicate neutral momentum with no overbought or oversold conditions.

Market Overview

Flow/Tether (FLOWUSDT) opened at 0.38 on 2025-10-05 at 12:00 ET, hit a high of 0.382, and a low of 0.369 before closing at 0.379 on 2025-10-06 at 12:00 ET. Over the past 24 hours, total trading volume amounted to 654,176.63, and notional turnover was 241,812.16 USD. The pair showed a mixed trend with alternating bearish and bullish 15-minute candles amid a generally consolidative tone.

Structure & Formations

The 15-minute chart displayed a series of small bearish and bullish bodies, with a notable bearish engulfing pattern forming near 0.377–0.378 on the afternoon of 2025-10-05. This pattern appeared to cap further upward movement. A potential support level was observed at 0.371, which held multiple times, especially during the overnight session. A doji formed near 0.375 early on the morning of 2025-10-06, suggesting indecision at that level.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart were closely aligned near 0.375–0.377, indicating a neutral trend with slight bearish pressure in the latter part of the day. On the daily chart, the 50, 100, and 200-period moving averages were in a descending configuration, suggesting a longer-term bearish bias. Price action frequently bounced off the 50-day MA, particularly near 0.371–0.372, reinforcing the relevance of that level.

MACD & RSI

The MACD histogram showed minimal divergence over the 24-hour period, reflecting balanced buying and selling pressure. The RSI hovered between 45 and 55 for most of the day, indicating a neutral momentum environment. However, a slight bearish divergence emerged in the late afternoon as prices rose to 0.379, but failed to carry the RSI above 50. This suggests weakening bullish momentum.

Bollinger Bands

Bollinger Bands displayed moderate volatility throughout the day, with the upper band peaking near 0.382 and the lower band near 0.372. Price action remained within the bands for most of the session, with the midline (20-period SMA) acting as a temporary magnet for buyers and sellers alike. A brief expansion in the afternoon indicated increased volatility, but price failed to break out decisively.

Volume & Turnover

Volume surged during the morning and afternoon sessions, particularly between 0.372 and 0.374, but failed to confirm a strong directional move. Notional turnover mirrored volume patterns, with a peak near 0.375. A divergence between rising volume and flat price movement in the morning hours suggested market uncertainty. The most liquid hour was between 02:00 and 03:00 ET, with a volume spike of over 59,729.86.

Fibonacci Retracements

Applying Fibonacci levels to the key intraday swing (0.369–0.382), the 61.8% retracement level sat at approximately 0.375, which coincided with strong volume and price action. The 38.2% retracement level at 0.377 also showed resistance. On the daily chart, the 61.8% level at ~0.374 aligned with the recent low of 0.373, indicating potential support for the next 24 hours.

Backtest Hypothesis

A backtesting strategy based on Fibonacci retracement levels and volume confirmation could be applied to this market. Given the recent price action, a long entry at the 38.2% retracement level (0.377) with a stop-loss just below the 61.8% level (0.375) may provide favorable risk-reward. If volume confirms the breakout above 0.377, the target could extend to the nearest resistance at 0.379–0.38. This hypothesis aligns well with the current technical setup, as both price and volume have shown some signs of consolidation and possible reversal.