FLOKI/Tether Market Overview – 2025-09-16

• FLOKI/Tether declined from $0.00009446 to $0.00009541 over 24 hours on a mixed volume profile.
• Momentum remains neutral with RSI hovering around mid-range, no overbought or oversold conditions.
• Volatility slightly expanded in late ET hours, with Bollinger Bands widening.
• Price appears to consolidate within a key Fibonacci range after a midday bearish reversal.
• Turnover surged during afternoon and early evening ET, with volume diverging from price declines.

FLOKI/Tether (FLOKIUSDT) opened at $0.00009420 on 2025-09-15 12:00 ET, peaked at $0.00009588, dipped to a low of $0.00009333, and closed at $0.00009541 on 2025-09-16 12:00 ET. Total volume for the 24-hour period was 39,423,743,054, with notional turnover reflecting strong afternoon and evening activity.

Structure & Formations

FLOKI/Tether showed a bearish reversal pattern in the late morning ET, followed by a period of consolidation. Key support levels emerged around $0.00009420 and $0.00009333, with resistance forming at $0.00009541 and $0.00009588. A notable doji formed at $0.00009533, signaling indecision during a critical volatility expansion. The price appears to have found a short-term range, with a potential test of $0.00009600 expected if bulls re-enter the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating choppy short-term sentiment. The 20SMA moved above the 50SMA briefly in the early evening before crossing back, suggesting no clear trend. On the daily chart, the 50DMA has been above the 100DMA and 200DMA, showing a mildly bullish bias over the longer term.

MACD & RSI

The MACD line remained below the signal line for most of the 24-hour period, with a small positive divergence observed in the late evening, hinting at potential bullish momentum. RSI moved between 50 and 60, reflecting balanced buying and selling pressure. No overbought or oversold conditions developed during the period, suggesting a continuation of consolidation is likely.

Bollinger Bands

Bollinger Bands saw a moderate expansion after midday, coinciding with a sharp price drop to $0.00009333. Price remained within the bands for most of the period, closing near the upper band, which suggests short-term buyers may be stepping in. A contraction in the bands late in the day hinted at decreasing volatility and potential for a breakout.

Volume & Turnover

Volume spiked sharply during the afternoon and evening ET hours, particularly between 19:00 and 21:45 ET, with a volume of 2.04 billion to 760 million traded. Turnover aligned with volume during this period, confirming the price decline. A volume divergence in the final hour of the 24-hour window suggested fading bearish sentiment, with a possible reversal looming.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.00009333 to $0.00009588 showed that the price found support at the 61.8% level (~$0.00009500) and closed near the 78.6% level (~$0.00009540). Over the daily timeframe, the 38.2% level (~$0.00009550) acted as a minor resistance. These levels suggest the market is consolidating ahead of a potential breakout.

Backtest Hypothesis

The backtesting strategy described is a reversal-based approach, entering long on a bullish engulfing pattern at the 61.8% Fibonacci retracement level with a stop-loss below the doji low and a take-profit at the nearest resistance. Given the current price action and volume confirmation, this strategy appears valid in a context where the price has tested key support and could reverse if volume continues to increase. This setup could be monitored for a potential long entry if the price breaks above the 78.6% level and holds above it for two consecutive candle closes.