Market Overview for Flow/Tether (FLOWUSDT)

Summary
• Price declined from 0.11 to 0.098 as key support levels were tested with bearish momentum.
• A sharp 5-minute volume spike near 0.105 suggests increased short-term selling pressure.
• RSI dipped below 30, indicating possible oversold conditions, though bearish bias remains strong.
• Bollinger Bands widened during the 3–5 AM ET sell-off, signaling heightened volatility.
• A large bearish engulfing pattern formed at the 12:30 AM ET candle, reinforcing short-term bearish sentiment.

Flow/Tether (FLOWUSDT) opened at 0.108 on December 28 at 12:00 ET, reached a high of 0.11, and closed at 0.098 at 12:00 ET on December 29. The 24-hour trading session saw a total volume of 118,747,264.60 and a turnover of 11,317,169.15.

Structure & Formations

The price of Flow/Tether encountered strong resistance at 0.11 during the early morning hours, with a large bearish engulfing pattern forming at 12:30 AM ET. This pattern confirmed the shift in momentum from bullish to bearish. Key support levels appeared at 0.105 and 0.099, which were tested multiple times during the session.

. A potential triple bottom formation may emerge if the 0.099 level holds in the next 24 hours.

MACD & RSI

The 12-period MACD line crossed below the signal line around 2:30 AM ET, signaling a bearish crossover. The RSI dropped below 30 toward the close of the session, indicating oversold conditions. However, RSI did not rebound significantly, suggesting that the bearish bias may persist for at least another day.

Bollinger Bands

Volatility expanded significantly during the sell-off between 3:00 AM and 5:00 AM ET, pushing the price down to the lower Bollinger Band. The price stayed within the bands for most of the session, with a brief excursion to the 0.105 level during a brief reversal attempt. A continuation of the current trend could see the price testing the 0.095 level, which is near the lower end of the band range.

Volume & Turnover

Volume spiked dramatically during the 3–5 AM ET sell-off, with the 21:45–22:00 ET candle showing one of the highest volume prints of the day. Notional turnover also surged during the same period, confirming the bearish price action. A divergence between volume and price during the 7–9 AM ET period suggests weakening momentum, but it has yet to trigger a reversal.

Fibonacci Retracements

On the 5-minute chart, the 61.8% Fibonacci retracement level at 0.105 acted as a key resistance-turned-support level. The daily chart showed that the 38.2% retracement level at 0.106 provided temporary support before the price broke down. If the 0.099 level holds, it could become a new psychological floor.

Flow/Tether’s price could face increased volatility in the next 24 hours if the 0.099 level holds, potentially setting up for a countertrend bounce. Investors should remain cautious, as a break below 0.095 may trigger further downside pressure.