FLOKI/Tether (FLOKIUSDT) Market Overview – 24-Hour Summary for 2025-10-08

• FLOKI/Tether closed lower at 0.00009943 after a choppy 24-hour session, with key support tested below 0.00009781.
• Volatility remained elevated as price fluctuated within a broad range, with no clear directional bias emerging.
• Volume spiked during the bearish breakout attempts, suggesting aggressive short-term participation.
• RSI indicated potential oversold conditions, but lack of follow-through suggests bearish exhaustion remains unconfirmed.
• Bollinger Bands showed a slight expansion, confirming increased market uncertainty and divergent price movements.

FLOKI/Tether (FLOKIUSDT) opened at 0.00010141 on 2025-10-07 at 12:00 ET and closed at 0.00009943 on 2025-10-08 at 12:00 ET, reaching a high of 0.00010352 and a low of 0.00009624 over the 24-hour period. Total volume amounted to 5.0437e+13 and notional turnover stood at $499,720,000, indicating strong participation in a sideways market.

Structure & Formations

Over the past 24 hours, FLOKI/Tether displayed a series of bearish and bullish corrections. A notable bearish engulfing pattern formed at the 0.00010352 high, signaling potential exhaustion of buyers. A key support zone emerged around 0.00009781–0.00009814, where price found temporary respite. A doji near the 0.00009931 level hinted at indecision among market participants, with no clear momentum in either direction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged between 0.00009915 and 0.0001002, acting as a neutral zone for the majority of the session. Price frequently traded between these two lines, indicating no strong directional bias. On the daily chart, the 50-period moving average remained above the 200-period line, suggesting a slight long-term bias, but this was not reflected in the recent 15-minute action.

MACD & RSI

The MACD histogram displayed a mix of bullish and bearish momentum throughout the session, with no dominant trend. A negative divergence was noted around the 0.00010285 level, where price made a higher high but MACD made a lower high. RSI briefly dipped below 30 into oversold territory at 0.00009781, but failed to produce a sustained rebound. This weak bounce suggests short-term bearish pressure remains intact.

Bollinger Bands

Bollinger Bands widened toward the end of the 24-hour period, particularly after the 0.00010352 high and the subsequent pullback to 0.00009781. The price spent significant time near the lower band, indicating bearish dominance. This expansion in volatility aligns with the lack of a clear trend and increased uncertainty among traders.

Volume & Turnover

Volume and turnover were elevated during key price swings, especially between the 0.00010214 and 0.00010352 levels. The most notable volume spike occurred at 0.00010352, coinciding with the bearish engulfing pattern. A divergence in volume and price was observed near the 0.00010007 level, where price declined but volume remained moderate, indicating a lack of conviction.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.00009781–0.00010352 swing, the 38.2% and 61.8% retracement levels at approximately 0.00010111 and 0.00009992 were key areas of interest. Price found support around the 61.8% level, but failed to break above the 38.2% level, suggesting bearish control. On the daily chart, Fibonacci levels from the recent swing highs did not show immediate relevance to the 15-minute behavior.

Backtest Hypothesis

The provided backtesting strategy leverages short-term reversal trades based on RSI divergence and Bollinger Band contractions. A signal is triggered when RSI falls below 30 and price touches the lower Bollinger Band, with a stop-loss placed below the previous swing low. This approach would have identified the 0.00009781 level as a potential long entry point. However, the lack of follow-through after the bounce suggests that additional filtering—such as volume confirmation or a breakout above the 20-period moving average—may be necessary to improve win probability.