Market Overview for FLOKI/Tether USDt (FLOKIUSDT)
• FLOKI/USDT opened at $0.0000978 and closed at $0.0000970 at 12:00 ET, with a 24-hour range of $0.0000953–$0.0000983.
• Price formed a bearish harami pattern near $0.0000975, with volume declining as price consolidated.
• RSI reached oversold territory (~28) late in the session, while MACD turned negative, suggesting weakening bullish momentum.
• BollingerBINI-- Bands showed mild contraction during consolidation, with price testing the lower band around $0.0000965.
• Turnover exceeded $500 million as price fluctuated between key 15-minute resistance and support levels.
FLOKI/USDT opened at $0.0000978 at 12:00 ET–1 and closed at $0.0000970 by 12:00 ET, reaching a high of $0.0000983 and a low of $0.0000953 during the 24-hour period. Total volume was approximately 20.5 billion tokens, with notional turnover exceeding $500 million, indicating moderate liquidity and engagement.
Structure & Formations
Price action revealed a notable bearish harami pattern near the $0.0000975 level during the early trading hours, with a small bearish body engulfed by the previous bullish candle. This formation suggests a shift in sentiment and potential reversal from upward to sideways or downward bias. A key support level appears to be forming around $0.0000965–$0.0000967, where price has bounced multiple times. Resistance is observed around $0.0000978–$0.0000980, with prior failed attempts to break through indicating its psychological relevance.
Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages are converging around the $0.0000972–$0.0000974 range, with the price currently below both, hinting at short-term bearish pressure. On the daily chart, the 50-period MA is above the 200-period MA, but price remains below the 50-period MA, suggesting a neutral to slightly bearish stance in the medium term. The 100-period MA also provides a secondary level of resistance if price retraces upward.
MACD & RSI
The MACD line turned negative late in the session, crossing below the signal line, confirming weakening bullish momentum. The histogram showed a gradual contraction, aligning with the bearish harami pattern and reduced buying pressure. RSI, meanwhile, dipped into oversold territory (around 28) near the end of the session, suggesting potential for a short-term rebound or consolidation. However, RSI is not diverging from price, so any bounce remains uncertain.
Bollinger Bands
Bollinger Bands have been in a mild contraction phase during the consolidation phase, indicating reduced volatility and a potential breakout. Price has been sitting near the lower band, with the last 15-minute candles testing this level as a possible floor. A break below $0.0000965 would likely expand the bands again, increasing volatility on the downside. A retest of the upper band at $0.0000980 could also trigger renewed interest on the long side.
Volume & Turnover
Volume spiked during the 19:00–20:00 ET window, coinciding with a sharp drop from $0.0000975 to $0.0000958. However, volume declined during the consolidation phase, suggesting diminished follow-through from either buyers or sellers. Notional turnover remained consistent during this period, indicating that the price drop was not accompanied by a large-scale liquidation event. The lack of divergence between volume and price suggests the bearish move was broadly supported.
Fibonacci Retracements
Key retracement levels from the recent 15-minute swing (high at $0.0000983 to low at $0.0000953) align with $0.0000971 (38.2%), $0.0000964 (50%), and $0.0000957 (61.8%). Price is currently near the 38.2% retracement level, which could serve as a temporary floor or a point of reaccumulation for buyers. The 61.8% level remains a critical support zone for further downside risk.
Backtest Hypothesis
Given the bearish harami pattern and confirmation by MACD and volume, a short-term sell strategy could be considered for the next 24 hours. A potential entry trigger might be a break below the 61.8% Fibonacci level at $0.0000957, with a stop above the 38.2% level at $0.0000971. A profit target could be set at the next support level near $0.0000963–$0.0000965. This setup could be backtested across multiple 15-minute periods, focusing on volatility spikes and divergence in volume.



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