Market Overview for FLOKI/Tether (FLOKIUSDT) as of 2025-10-11

• FLOKI/Tether declined sharply from $0.000089 to $0.0000487, with a dramatic 15-minute selloff late in the session.
• Volatility spiked during the 21:30–22:30 ET window, with over $77.5 billion in notional turnover observed.
• Price consolidated between $0.000066–$0.000072 before a sharp reversal to the downside occurred on high-volume divergence.
• RSI entered oversold territory, suggesting potential for a short-term bounce, but bearish momentum remains dominant.
• Bollinger Bands widened during the selloff, indicating increased uncertainty in the near term.

FLOKI/Tether (FLOKIUSDT) opened at $0.00008889 on 2025-10-10 at 12:00 ET and hit a high of $0.00008946 before plummeting to a low of $0.00001544. It closed at $0.00007034 as of 12:00 ET on 2025-10-11. Total volume for the 24-hour period was 153,393,542,290.0, and notional turnover reached approximately $10.9 billion, reflecting intense intraday volatility and a sharp reversal.

Structure & Formations

Price action revealed a bearish engulfing pattern at 21:30 ET, marking the start of a sharp sell-off that lasted 4.5 hours. A doji appeared at 03:00 ET, signaling indecision as the market bottomed. Key support levels formed at $0.000066–$0.000068, with resistance retested around $0.000072. The price has not shown a clear reversal to the upside, suggesting further consolidation or testing of lower levels.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period MA during the selloff, confirming the shift into bearish momentum. On the daily chart, the 50-period MA remains above the 200-period MA, indicating a longer-term bearish bias. The 200-period MA is a critical level to watch for a potential reversal.

MACD & RSI

MACD turned negative at 21:30 ET and remained bearish for the remainder of the session, confirming the sharp sell-off. RSI dropped below 30 at 22:45 ET, entering oversold territory but failing to produce a strong reversal. Momentum appears to favor sellers, with no clear sign of a bullish bounce yet.

Bollinger Bands

Volatility expanded dramatically during the 21:30–22:30 ET period, with the Bollinger Bands widening significantly as the price dropped below the lower band. This suggests a high-volatility move that may lead to increased uncertainty or a potential bounce. However, the price remains near the lower end of the bands, indicating continued bearish pressure.

Volume & Turnover

Volume surged during the 21:30–23:00 ET window, with over $77.5 billion in notional turnover observed during the sharp selloff. This high-volume divergence between price and volume supports the bearish move. However, volume has since normalized, with no clear signs of a reversal or continuation to the downside.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.00008946 to $0.00001544, the price tested the 61.8% level at $0.000058 and the 78.6% level at $0.0000487. These levels acted as temporary floors before the price continued lower. On a daily scale, key support is forming around $0.000065–$0.000068, and a retest of $0.0000487 could be expected if the bearish trend continues.

Backtest Hypothesis

Given the bearish momentum and oversold RSI reading, a potential long-term reversal trade could be considered around key Fibonacci and Bollinger Band support levels. A buy on a breakout above $0.00007034 with a stop-loss below $0.000066 could provide a risk-reward profile of 1:1.5. This strategy would benefit from a strong confirmation candle closing above resistance, ideally with increasing volume. A backtest would require historical data from previous bear-to-bull transitions, testing similar setups with stop-loss and take-profit levels based on volatility metrics.