Market Overview for Flow/Tether (FLOWUSDT)

• Price rose 3.6% from 0.396 to 0.413 over 24 hours, forming a bullish pattern near 0.412.
• Volatility spiked in early trading, with a high of 0.415 and low of 0.393.
• RSI moved from 48 to 57, showing moderate bullish momentum without overbought conditions.
• Turnover increased to $550k as price broke above the 0.41 key level.

24-Hour Summary

Flow/Tether (FLOWUSDT) opened at 0.396 (12:00 ET − 1) and closed at 0.413 (12:00 ET), reaching a high of 0.415 and a low of 0.393. The 24-hour volume totaled approximately 2,468,829.13 units, with a notional turnover of about $1,015,000. The pair experienced a 3.6% rally and displayed a strong bullish bias amid rising volume and volatility.

Structure & Formations

Over the past 24 hours, FLOWUSDT has shown a series of ascending support levels, with 0.396 and 0.403 acting as strong foundational support. A bullish engulfing pattern formed at 0.403, followed by a breakout above 0.41. A key resistance level emerged at 0.413, where price consolidated for much of the morning. The 0.412–0.415 range appears to be a critical consolidation area for the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were closely aligned, with the 20SMA crossing above the 50SMA in the early hours, signaling a short-term bullish bias. On the daily chart, the 50DMA and 200DMA have been converging at 0.408–0.410, and the price has now moved above this key confluence, suggesting a possible shift in medium-term sentiment.

MACD & RSI

The MACD histogram expanded positively in the early part of the session, indicating increasing bullish momentum. The RSI, which had been in a neutral range (48–54), climbed to 57 by the end of the period, reflecting strengthening upward bias without reaching overbought territory. Divergence was not observed between price and RSI, suggesting consistent momentum.

Bollinger Bands

Volatility expanded throughout the session, with the Bollinger Bands widening from a narrow range in the late hours of the previous day. Price spent much of the morning consolidating near the upper band, particularly after the 0.413 level was reached. A contraction in the bands is expected after the current expansion, potentially signaling a pause in price action.

Volume & Turnover

Volume spiked during key breakout moments, particularly around 0.403 and 0.413, confirming the strength of the bullish move. The total 24-hour notional turnover was approximately $1.015 million, with peak activity occurring during the 19:00–21:00 ET timeframe. Price and turnover moved in tandem, confirming the legitimacy of the recent rally.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from 0.393 to 0.415, the 38.2% retracement level is at 0.404, while the 61.8% level is at 0.409. The price has now consolidated near the 0.413 level, above both of these key Fibonacci levels. A break above 0.415 may trigger a retest of the 0.418–0.42 Fibonacci extension level.

Backtest Hypothesis

A potential backtesting strategy could involve a 15-minute breakout trading approach. A long entry could be triggered when price closes above a 5-period moving average after a bullish engulfing pattern forms at key support levels. A stop loss would be placed below the recent swing low (0.403), and a take profit could target the 61.8% Fibonacci extension at 0.418. This strategy aligns with the current market structure and could be tested using historical 15-minute data for FLOWUSDT.