Market Overview for Flamingo/Tether (FLMUSDT) — 2025-09-18

• Price rose to 0.0354 before consolidating near 0.0345–0.0347.
• Strong volume spikes occurred during the early hours of 2025-09-17.
• RSI shows moderate momentum without clear overbought or oversold signals.
• Bollinger Bands widened during the push to 0.0354, indicating increased volatility.
• On-balance volume suggests buyers dominated during the first half of the session.

The Flamingo/Tether pair (FLMUSDT) opened at 0.0338 on 2025-09-17 at 12:00 ET, reached a high of 0.0354, and closed at 0.0346 on 2025-09-18 at 12:00 ET. Total traded volume was 45,902,198.0 units, and notional turnover amounted to $1,568,169.65 (approximated at mid-session prices). Price action displayed a strong rally to 0.0354, followed by a consolidation phase around 0.0345–0.0347.

Structure & Formations

Price formed a strong bullish structure as it pushed above 0.0348–0.035, with key support levels identified at 0.0345 and 0.0342. A potential bearish engulfing pattern appeared after reaching the high of 0.0354, suggesting possible short-term profit-taking. A bullish breakout above 0.0354 would confirm a stronger uptrend, whereas a close below 0.0342 could trigger further consolidation or a pullback.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish alignment near 0.0345–0.0346, indicating a potential continuation of the upward trend. The 50-period moving average remained above the 100 and 200-period daily lines, reinforcing a medium-term bullish bias.

MACD & RSI

MACD remained in positive territory with a narrowing histogram, reflecting a slowdown in the buying momentum. RSI hovered around 55–60, indicating moderate bullish momentum but not yet reaching overbought conditions. A move above 65 would signal a stronger bullish bias, while a drop below 50 may indicate a short-term reversal risk.

Bollinger Bands

Bollinger Bands expanded during the rally to 0.0354, reflecting heightened volatility. Price closed near the mid-band during the consolidation phase, suggesting a potential return to a sideways pattern. A break above the upper band would reinforce a bullish trend, while a break below the lower band could indicate renewed bearish pressure.

Volume & Turnover

Volume surged during the early hours of the 24-hour period, particularly between 19:00 and 20:45 ET, coinciding with the rally to 0.0354. Turnover followed a similar pattern, confirming the strength of the upward move. A divergence between price and volume in the consolidation phase suggests potential indecision or profit-taking.

Fibonacci Retracements

Key Fibonacci levels were identified on the 15-minute chart during the recent swing from 0.0342 to 0.0354. The 61.8% retracement level at 0.0348–0.0349 appears to act as a key resistance area. On the daily chart, the 38.2% and 61.8% levels were 0.0345 and 0.0340, respectively, both showing notable price action and volume clustering.

Backtest Hypothesis

A potential backtest strategy involves entering a long position when price breaks above the 61.8% Fibonacci level on the 15-minute chart, confirmed by a bullish crossover of the 20 and 50-period moving averages. A stop-loss is placed below the 0.0342 support, with a take-profit target at the next resistance level above 0.0350. Given the recent volume and momentum signals, this strategy could be effective in capturing short-term bullish moves while managing downside risk through tight stops.