Market Overview: Flamingo Finance (FLMUSDT) 24-Hour Summary

• Flamingo Finance opened at $0.0317 and closed at $0.0296 after a 24-hour decline of ~6.3%.
• Price formed multiple bearish patterns, including a 21:00 ET bearish engulfing candle and a 05:15 ET strong bullish reversal.
• Volatility expanded as price dropped from $0.0318 to $0.0294, with volume surging to $3.1M during the 05:15 ET rally.
• RSI reached oversold territory near 28 by 08:45 ET, while MACD turned negative, indicating waning momentum.
• 15-min Bollinger Bands widened, reflecting increased price instability and potential for a breakout.

Flamingo Finance (FLMUSDT) opened at $0.0317 on 2025-08-25 12:00 ET, reaching a high of $0.0320 and a low of $0.0294 before closing at $0.0296 on 2025-08-26 12:00 ET. Total volume for the 24-hour period was 18,806,415 tokens, with a turnover of ~$5.7M, indicating moderate trading interest amid a bearish price consolidation.

Structure & Formations

Over the 24-hour period, FLMUSDT displayed a bearish bias, with price testing key levels repeatedly. A bearish engulfing pattern formed at 21:00 ET, confirming downward pressure. Later, a bullish reversal candle emerged at 05:15 ET, pushing price back above a critical 61.8% Fibonacci level (~$0.0301). Price found support at $0.0294 and $0.0296, with resistance now at $0.0304 and $0.0308. A long upper shadow on the 05:15 candle suggests a temporary bullish attempt but failed to hold above $0.0305.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period SMAs, signaling a near-term bearish bias. Daily moving averages (50/100/200) suggest a longer-term downtrend, with price currently below all three. A potential bullish signal would require a sustained close above the 50-day SMA (~$0.0312) for a reversal in sentiment.

MACD & RSI

RSI dropped to oversold territory (~28) at 08:45 ET, indicating a possible rebound in the short term. The MACD remained in negative territory, with bearish divergence seen as price attempted a rally without significant momentum. A bullish crossover in the RSI-MA could trigger a short-covering bounce but may lack the strength to break above $0.0305.

Bollinger Bands

Volatility was evident through widened Bollinger Bands, with price moving from the upper to the lower band over the 24-hour period. At 05:15 ET, price closed near the upper band, suggesting a short-term bullish attempt. However, the following candles saw a contraction, indicating a potential consolidation before a breakout attempt. The current mid-band sits at ~$0.0300, with price hovering slightly above it.

Volume & Turnover

Volume spiked at 05:15 ET during the bullish reversal, with ~2.5M tokens traded on that 15-minute interval and a notional turnover of ~$76K, signaling renewed interest. However, the following candles showed reduced volume and a bearish continuation, highlighting a lack of conviction. Price and turnover diverged in the last 3–4 hours, suggesting that buying pressure is not sustainable without further volume confirmation.

Fibonacci Retracements

Recent 15-minute swings placed key Fibonacci levels at $0.0301 (38.2%), $0.0306 (50%), and $0.0309 (61.8%). The 05:15 ET candle tested the 61.8% level but failed to hold. On the daily chart, the key 50% retracement sits at ~$0.0309, with a breakdown below $0.0296 likely to target $0.0285–$0.0288 in the next 24–48 hours if bearish momentum continues.

FLMUSDT may find a near-term floor at $0.0294–$0.0296 and could test $0.0305–$0.0308 if the 05:15 ET reversal holds. Traders should remain cautious, as volatility remains elevated, and a break below $0.0294 could signal a deeper correction. Investors are advised to monitor the 50-day SMA and volume behavior for potential reversal cues.