Market Overview for FLOKI/Tether (FLOKIUSDT)

• Price action drifted lower through the day, closing near daily lows with bearish bias intact.
• RSI approached oversold territory, hinting at potential short-term rebounds or consolidation.
• Volatility dipped in the final hours, with volume showing signs of waning buying interest.

Market Snapshot

FLOKI/Tether (FLOKIUSDT) opened at $0.00006167 on 2025-11-11 at 12:00 ET, drifting lower throughout the day to close at $0.00006166 on 2025-11-12 at 12:00 ET. The price ranged between $0.00006195 (high) and $0.00005942 (low). Total volume for the 24-hour window was 55,162,445,100 tokens, with a notional turnover of approximately $3,400,671 USD.

Structure & Formations

Price action formed a descending pattern, with a key support level forming around $0.00005942 after the 2025-11-12 16:00 ET low. A bearish engulfing pattern was visible around 2025-11-12 08:00 ET, confirming a shift in sentiment. A small doji appeared near $0.00005983 at 19:30 ET, signaling indecision.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are in bearish alignment, with price trading below both. On the daily chart, the 50-period MA is approaching the 200-period MA, hinting at a potential bearish crossover.

MACD & RSI

MACD remains bearish with the histogram declining and the signal line crossing below the MACD line. RSI has dipped into oversold territory around 28-30, suggesting a potential short-term bounce or consolidation could be in the offing.

Bollinger Bands

Volatility has been contracting, with price moving closer to the lower band and the bands themselves narrowing since the morning. A break below the lower band could signal a continuation of the bearish trend.

Volume & Turnover

Trading volume and turnover increased steadily through the morning before tapering off midday, with the most significant volume spike observed between 2025-11-12 08:00 and 11:00 ET. A divergence between price and volume was observed in the final hours, suggesting weakening bearish momentum.

Fibonacci Retracements

The 61.8% Fibonacci retracement level from the 2025-11-12 high to the 16:00 ET low is at $0.00005977, a level the price briefly tested before breaking lower. A rebound from this level could target the 50% retracement at $0.00006059.

Backtest Hypothesis

The RSI Oversold strategy applied to FLOKI-USDT shows a mixed performance with a total return of 25.2% and an annualized return of 11.3% since 2022. While the strategy has captured rebounds in oversold conditions, it has also experienced significant drawdowns—max 35.0%—indicating high volatility and risk. The Sharpe Ratio of 0.35 reflects modest risk-adjusted returns, suggesting that while the strategy may occasionally work in FLOKI’s favor, it is best used with caution and complementary filters.

Looking ahead, the next 24 hours could see FLOKIUSDT testing the immediate support at $0.00005942. A rebound from here may test the 61.8% Fibonacci level, but a break below could accelerate the downtrend. Investors should remain cautious and monitor RSI and volume for signs of a reversal.