Market Overview for FLOKI/Tether (FLOKIUSDT) on 2025-09-23

• FLOKIUSDT experienced a bullish reversal with a 1.3% gain from 8.499e-05 to 8.606e-05 in 24 hours.
• Price tested and bounced off key support at 8.48e-05, forming a bullish hammer pattern around 09:00 ET.
• Volatility expanded in the afternoon, with volume spiking at 03:45 ET and confirming upward momentum.
• RSI showed overbought conditions late in the session, while Bollinger Bands widened, signaling increased uncertainty.
• Turnover rose 19% after 03:45 ET, confirming strength in the price rebound.

FLOKI/Tether (FLOKIUSDT) opened at 8.499e-05 on 2025-09-22 at 12:00 ET and closed at 8.606e-05 on 2025-09-23 at 12:00 ET, with a high of 8.711e-05 and a low of 8.375e-05. Total volume traded over the 24-hour period reached 38,626,528,250.0, and total turnover was approximately $3,291,057,083.87, based on the average price across the OHLCV data.

Structural Formations and Key Levels

Price action on FLOKIUSDT showed a clear reversal from bearish momentum to bullish bias during the session. A key support level at 8.48e-05 held twice before a strong rebound, confirmed by a bullish hammer pattern around 09:00 ET. Resistance levels at 8.55e-05 and 8.60e-05 were tested multiple times, with the latter acting as a temporary ceiling before a final break higher late in the session. A bearish engulfing pattern was observed at 02:30 ET as price pulled back from an earlier high, but it failed to hold, indicating a strong long bias from midday onward.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart intersected just below 8.50e-05, signaling a bullish crossover in the afternoon. On the daily chart, the 50-period MA was at 8.53e-05, slightly below the 200-period MA at 8.54e-05, suggesting a short-term upward correction. The 100-period MA at 8.535e-05 provided a psychological floor during the morning pullback. This combination of moving averages suggests a short-term bullish tilt, with potential for a test of 8.65e-05 in the next 24 hours, depending on volume and momentum strength.

MACD, RSI, and Bollinger Bands

The MACD line turned positive after 03:30 ET, confirming bullish momentum, while the histogram expanded from 04:30 ET onward, signaling growing buying pressure. The RSI reached overbought territory above 68 in the last 3 hours of the session, raising the possibility of a short-term pullback, though no bearish divergence was observed. Bollinger Bands widened in the late afternoon and evening, with price staying above the 20-period moving average. Price remained within the upper and lower bands but tested the upper band around 08:00 ET, signaling a volatile yet contained uptrend.

Backtest Hypothesis

A potential backtesting strategy would involve entering long positions when price breaks above the 20-period MA on the 15-minute chart, confirmed by a bullish MACD crossover and a RSI above 50. Exit positions when RSI crosses above 70 or a bearish engulfing pattern forms. Given today’s action, this strategy would have triggered a long entry after 03:30 ET and held through the session, capturing a 1.3% gain. The next 24 hours may test the strength of this approach as price consolidates above 8.60e-05 and faces new resistance. A stop-loss at 8.55e-05 or below the 20-period MA could provide downside protection in the event of a reversal.