FLOKI/Tether Market Overview for 2025-10-14

• Price surged from $0.0000738 to $0.0000747 before reversing and declining to close at $0.0000708.
• Volatility expanded significantly in the morning before compressing during the late session.
• Volume spiked during the $0.000076–$0.000077 range before sharply declining during the pullback.
• A bearish reversal pattern formed at the $0.000076–$0.000077 resistance area.

The FLOKI/Tether pair (FLOKIUSDT) opened at $0.0000738 on October 13 and peaked at $0.0000766 during the session before reversing and closing at $0.0000708. Total volume across the 24-hour period was 63,589,688,716.5, and the notional turnover reached $4.5 million. Price action showed a strong but unsustainable rally, followed by a bearish correction.

Structure and candlestick patterns revealed a key resistance cluster between $0.000076 and $0.000077, where price stalled multiple times before falling back. A bearish engulfing pattern formed at this level, signaling rejection. Support levels appear to be forming around $0.000070 and $0.000072, where price found some buying interest during the pullback. The formation of a descending triangle during the afternoon suggests a continuation of the bearish trend.

The 20-period moving average on the 15-minute chart crossed below the 50-period MA, confirming a bearish bias. Volatility, as measured by Bollinger Bands, expanded during the morning rally but compressed in the final hours, signaling a period of consolidation. Price has closed near the lower band, indicating weak momentum. RSI readings have moved into oversold territory, but the divergence between price and momentum remains a cautionary signal.

Volume and notional turnover spiked during the rally but declined significantly during the afternoon sell-off. The volume during the $0.000076–$0.000077 range was nearly double that of the later pullback, indicating stronger conviction in the bullish move than in the bearish reversal. This divergence suggests that while bulls were aggressive, bears were able to take control with less volume, which is an atypical bearish sign. Price may continue to test the $0.000070 support level in the coming hours, but a break below this could target the $0.000068–$0.000069 zone. Investors should be cautious of potential follow-through selling if the trend continues.

Backtest Hypothesis

The backtest strategy in question relies on the 14-period RSI to identify overbought and oversold conditions in FLOKI/USDT. Given the current data limitations and inability to automatically retrieve RSI values for FLOKIUSDT, the strategy cannot be fully backtested at this time. However, from the observed RSI readings in the 24-hour OHLCV data, the indicator entered oversold territory late in the session, suggesting a potential short-term bounce. If we were to apply this strategy, we might look to enter long positions on RSI reentries above 30, with tight stop-loss levels set just below recent swing lows. For a more robust implementation, we recommend specifying the exact exchange and symbol (e.g., “Binance: FLOKIUSDT”) to retry the data pull. If you have RSI data available in a file, uploading it would allow the backtest to proceed seamlessly.