Flamingo/Tether (FLMUSDT) Market Overview — 2025-09-19

• FLMUSDT traded lower over 24 hours, closing near intraday lows amid bearish momentum.
• A strong bearish divergence appeared in RSI and MACD, signaling potential further downside.
• Volatility expanded dramatically in the second half of the day, with a sharp break below key support.
• Bollinger Bands showed increasing contraction earlier in the day followed by a violent expansion.
• Total volume and turnover surged in the late ET hours, aligning with the breakdown.

At 12:00 ET on 2025-09-19, FLMUSDT opened at $0.0343 and traded between $0.0346 (high) and $0.0315 (low) over the past 24 hours, closing at $0.0319. Total volume amounted to 14,498,465.0 units, with a notional turnover of $478,313.68. Price action has been increasingly bearish as the day progressed, particularly after a major breakdown below key support levels.

Structure & Formations

The 15-minute chart reveals a strong bearish bias, with FLMUSDT breaking below a key horizontal support level around $0.0328. A bearish engulfing pattern formed around 02:30 ET, confirming the shift in sentiment. The price has since entered a downtrend channel with a target around $0.0315–$0.0310. A doji candle emerged at 11:45 ET, hinting at short-term indecision but failed to reverse the trend. Traders should watch for any retests of the $0.0328–$0.0330 zone for potential bounce opportunities.

Moving Averages

On the 15-minute chart, FLMUSDT has been trading well below both the 20-period and 50-period moving averages, reinforcing the bearish momentum. The 50-period MA is currently at $0.0326, with price far below it. On the daily chart, the 50/100/200-period moving averages show a broadening bearish divergence, with price trading below all three. This alignment suggests that the trend may persist into the next 24 hours.

MACD & RSI

MACD has turned negative and is diverging sharply from the price, indicating strong bearish momentum. The histogram has expanded as the bear phase intensified, especially in the last 6 hours. RSI has moved into oversold territory around 25–30, but this does not guarantee a reversal—price could continue lower until a stronger bullish catalyst emerges. The RSI divergence from the last 4–5 candles suggests the move is still in early stages.

Bollinger Bands

Bollinger Bands showed a slight contraction early in the day, but this was quickly followed by a significant expansion as volatility spiked during the breakdown. The price has since remained near the lower band for the majority of the last 12 hours, suggesting strong selling pressure. A retest of the middle band at ~$0.0325 could offer a short-term bounce zone, but a sustained close above it seems unlikely without a shift in sentiment.

Volume & Turnover

Volume spiked dramatically after 04:00 ET, coinciding with the breakdown from $0.0328. Notional turnover followed suit, rising sharply as price moved lower. This volume surge validates the breakdown and suggests a high probability of continuation. However, the lack of follow-through buying pressure during retracements indicates that buyers are hesitant to step in above key levels. The divergence between price and volume is not present, reinforcing the bearish narrative.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $0.0346 to $0.0315, key levels include 38.2% at $0.0330 and 61.8% at $0.0321. FLMUSDT has already broken the 61.8% level, suggesting a potential extension target toward the 78.6% level at $0.0313. Traders may watch for a bounce from these levels or for a break below them, which could accelerate the downtrend.

Backtest Hypothesis

Based on the observed bearish divergence in RSI and MACD, combined with the breakdown below key support and strong volume confirmation, a potential backtesting strategy could be to short FLMUSDT at the confirmation of a bearish engulfing pattern, with a stop-loss above the 61.8% Fibonacci level at $0.0321. The target for this short could be the 78.6% level at $0.0313. This approach assumes that the bearish trend remains intact and that the market continues to show no signs of reversal. A trailing stop or a time-based exit could also be considered to capture the full move.