Market Overview for Flow/Tether (FLOWUSDT)

Summary
• Price fluctuated between 0.107 and 0.117, forming multiple bullish and bearish engulfing patterns.
• RSI and MACD showed mixed momentum signals, with overbought conditions in the afternoon.
• Volume surged near 11:15 AM and 11:30 AM ET, confirming key price moves.
• Bollinger Bands widened in the morning, indicating rising volatility.
• Fibonacci retracement levels at 0.112 and 0.109 acted as temporary support/resistance.

Flow/Tether (FLOWUSDT) opened at 0.111 and closed at 0.115 at 12:00 ET, reaching a high of 0.117 and a low of 0.107. Total 24-hour volume was ~96.9 million FLOW, with a turnover of ~11.0 million USD.

Structure & Formations

Price action revealed multiple bullish and bearish engulfing patterns, particularly around 01:45 AM and 11:15 AM ET, suggesting short-term directional shifts. A key support level formed at 0.109 after repeated rejections, while 0.117 acted as resistance before a pullback.

Moving Averages and Momentum

On the 5-minute chart, price spent much of the session above the 50-period MA, indicating bullish bias in the short term. However, the 20-period MA crossed below the 50-period MA in the early morning, hinting at bearish momentum. RSI reached overbought territory during the mid-morning rally but failed to sustain above 60, suggesting potential exhaustion.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly in the first few hours, reflecting heightened volatility. Price spent much of the session near the upper and lower bands, especially in the morning and late afternoon, indicating aggressive swings.

Volume and Turnover

Volume spiked near 11:15 AM and 11:30 AM ET, aligning with price breaks above key resistance and support levels. Turnover mirrored volume closely, with no clear divergence, suggesting conviction behind recent price moves.

Short-Term Outlook

Price may test the 0.117 resistance again if it clears 0.115 with strong volume. A break below 0.109 could trigger a deeper pullback toward 0.103. Investors should watch for a potential 50-period MA crossover for further directional clues. As always, sudden volume spikes or news events could disrupt these patterns.