FLOKI/Tether Market Overview: 24-Hour Price Action and Momentum

Summary
• FLOKI/Tether traded in a tight range with a closing near intraday highs.
• Volume surged during a late-night rally before tapering in the AM.
• Momentum remains neutral with RSI hovering near midpoint.

Market Overview

FLOKI/Tether (FLOKIUSDT) opened at $0.00006285 on 2025-11-07 at 12:00 ET, reached a high of $0.00006679, and closed at $0.00006226 as of 2025-11-08 at 12:00 ET. The pair traded between $0.00006253 and $0.00006679 over 24 hours, with total volume of 202.12 billion and turnover of $13.25 million.

Structure & Formations

The 24-hour OHLC pattern suggests a moderate bullish bias, with price forming a series of higher highs and higher lows toward the end of the session. A small bullish engulfing pattern appeared at the end of the night session (2025-11-07 22:45–23:00 ET), which could signal potential upside continuation if supported by volume and momentum. A doji formed near $0.00006310 during the morning (2025-11-08 07:00–07:15 ET), hinting at indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over in the early hours of 2025-11-08, forming a short-term bullish crossover. The 200-period moving average on the daily chart remains well above current price, suggesting a bearish bias in the medium term.

MACD & RSI

The MACD crossed the zero line from below in the late-night hours, forming a bullish crossover, although momentum has since stalled. The RSI remains in the mid-40–60 range, indicating a balanced market with no strong overbought or oversold conditions.

Bollinger Bands

FLOKIUSDT traded inside the Bollinger Bands for most of the session, with the price occasionally touching the upper band in the late night and early morning. Volatility increased during the rally phase but has since contracted, suggesting a period of consolidation.

Volume & Turnover

Volume spiked during the late-night rally (2025-11-07 20:45–23:00 ET), confirming the bullish momentum. However, volume declined sharply in the AM hours, indicating waning buying interest. Turnover also followed a similar pattern, with a peak of $526,162 at 23:00 ET, followed by a gradual decline.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 2025-11-07 19:30–23:00 ET rally, the price approached the 61.8% retracement level ($0.00006319) before pulling back, suggesting a potential resistance area. The 38.2% retracement level at $0.00006185 may offer support in the near term.

Backtest Hypothesis

To validate the recent bullish divergence in the MACD, a 5-day-hold strategy could be tested using historical FLOKI/USDT data. A valid ticker symbol—such as BINANCE:FLOKIUSDT—would be necessary to retrieve accurate MACD Top Divergence signals and backtest performance from 2022-01-01 to 2025-11-08. Once the symbol is confirmed, performance metrics like win rate, ROI, and maximum drawdown can be calculated.