Market Overview for FLOKI/Tether on 2026-01-04

Summary
• FLOKI/Tether formed a bullish reversal pattern near 5.05¢ with volume surging to 18.01B.
• Price tested 5.96¢ intraday, breaking recent highs, but closed below 5.94¢ on declining volume.
• RSI and MACD signaled strong momentum early but weakened toward the end of the 24-hour period.
• Volatility expanded, with Bollinger Bands widening, suggesting a potential continuation move.
• Turnover diverged near peaks, hinting at possible profit-taking or mixed market sentiment.

FLOKI/Tether (FLOKIUSDT) opened at 5.09¢ on 2026-01-03 12:00 ET, reached a high of 5.96¢, touched a low of 4.89¢, and closed at 5.777¢ by 12:00 ET on 2026-01-04. Total volume reached 180.17B with a notional turnover of 10.62M during the 24-hour period.

Structure & Formations

Price formed a bullish reversal pattern near 5.05¢ on 2026-01-03 18:00 ET, with a recovery toward 5.15¢. Later, a bullish engulfing pattern emerged at 5.15¢, signaling potential upside. A key resistance level appears at 5.96¢, where price stalled and reversed slightly. A strong support zone is forming near 5.75–5.77¢, with a potential for consolidation if this level holds.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages showed a bullish crossover near 5.15¢, reinforcing the short-term upward bias. On the daily chart, the 50-period MA is approaching the 50¢ level, while the 200-period MA remains neutral to bearish. The price is currently above both the 50- and 100-period MAs, suggesting intermediate-term strength.

MACD & RSI

The MACD showed a strong positive divergence early in the session, confirming the bullish momentum, but began to weaken as price approached 5.96¢. RSI crossed into overbought territory at 70+ near 5.96¢, suggesting a potential pullback. However, RSI has since pulled back to neutral levels, indicating that momentum is stabilizing rather than reversing.

Bollinger Bands

Volatility increased significantly as Bollinger Bands expanded to their widest point, reaching a high of 5.96¢. Price touched the upper band near 5.96¢ but closed slightly below it, showing mixed signals. A contraction in volatility may follow if the 5.75–5.77¢ support holds, potentially setting up for a continuation move.

Volume & Turnover

Volume surged to 18.01B during the 12:30 ET session, coinciding with a high of 5.93¢. Notional turnover peaked at 1.06M during the same period. However, volume declined in the closing hours despite price remaining elevated, suggesting possible profit-taking or uncertainty among traders. The divergence between volume and price action implies caution as the next 24 hours unfold.

Fibonacci Retracements

Fibonacci levels from the 4.89¢ low to the 5.96¢ high indicate key levels for 5.76¢ (38.2%), 5.63¢ (50%), and 5.50¢ (61.8%). The 5.76¢ level has shown strong support in the past 24 hours, and a break below this level could trigger a test of the 5.63¢ retracement.

FLOKI/Tether appears to be in a period of consolidation after a sharp rebound from 5.05¢. A test of the 5.96¢ resistance could follow, but divergences in volume and momentum suggest a cautious approach. Investors may watch the 5.75–5.77¢ support zone closely over the next 24 hours for signs of continued strength or potential pullback.