Market Overview for Flamingo/Tether (FLMUSDT)

• Flamingo/Tether (FLMUSDT) traded in a volatile range today, with price surging to 0.0255 before pulling back toward 0.0240.
• The 24-hour range shows a bullish bias in the second half, with a final close near 0.0252.
• Momentum remains mixed, with RSI near overbought and MACD trending higher.
• Volatility increased significantly, with volume surging past 10 million at the peak.
• A key resistance at 0.0255 and support at 0.0240 are shaping short-term sentiment.

Opening and Closing Summary

On October 10, 2025, at 12:00 ET, Flamingo/Tether (FLMUSDT) closed at 0.0252, up from an open of 0.0242 at 12:00 ET–1. The 24-hour high reached 0.0255, and the low dropped to 0.0238. Total volume for the 24-hour period was 11,115,857, while total turnover amounted to 277,146. Price activity was choppy in the early hours but picked up momentum in the afternoon.

Structure & Formations

The price of FLMUSDT exhibited a strong bullish breakout in the early afternoon, with a long-bodied candle closing at 0.0255 following a low of 0.0253. This appears to form a bullish engulfing pattern around 13:30 ET. A doji was observed at 14:15 ET, suggesting indecision in the upper range. Key support levels emerged at 0.0240–0.0244 and 0.0248–0.0250, with resistance forming near 0.0252–0.0255.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early afternoon, signaling a potential short-term bullish bias. Daily moving averages (50/100/200) remain unconfirmed due to the limited timeframe, but the price is currently above the 50-day MA, indicating a longer-term positive trend.

MACD & RSI

The MACD line crossed above the signal line in the early afternoon and remained positive for most of the day, suggesting increasing bullish momentum. The RSI reached overbought territory near 75 at 14:00 ET, suggesting potential for a short-term correction. A divergence between RSI and price during the afternoon pullback hints at possible bearish pressure if the price fails to maintain its gains.

Bollinger Bands

Volatility expanded in the late morning and early afternoon, with the Bollinger Bands widening significantly. Price action briefly exceeded the upper band at 0.0255, indicating a strong move. The current price is comfortably above the middle band, suggesting bullish momentum. A retest of the lower band near 0.0240–0.0245 may confirm the strength of the support level.

Volume & Turnover

Volume spiked sharply between 13:30 and 14:30 ET, with several candles recording over 300,000 units traded. The surge in volume coincided with the price breaking above 0.0255. Notional turnover also spiked, confirming the bullish price action. However, a divergence emerged in the late afternoon, as volume began to wane even as the price hovered near 0.0250–0.0252. This suggests caution for potential consolidation or a pullback.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute move from 0.0240 to 0.0255, key retracement levels are at 0.0247 (38.2%) and 0.0252 (61.8%). The price has tested the 61.8% level multiple times in the afternoon and currently appears to be consolidating around it. A break above 0.0255 could target the 127% extension at 0.0260, while a pullback below 0.0247 could threaten the 0.0240 support.

Backtest Hypothesis

Given the formation of the bullish engulfing pattern and the subsequent overbought RSI divergence, a backtest could explore entering long near the close of the 13:30–13:45 ET candles with a stop just below 0.0248 and a target at 0.0255. The MACD crossover and strong volume confirmation during that period provide a high-probability setup. A trailing stop could be applied once the price surpasses the 0.0253 level to capture further bullish momentum, while a Fibonacci retracement filter could help avoid overextended short-term trades.