FLOW/USDT Market Overview for 2025-11-08

Summary
• Price rose from 0.265 to 0.285, forming bullish momentum with a 7.5% move.
• Volume spiked during key rallies, with notable buying near 0.281 and 0.285.
• Volatility expanded in the latter half of the day, with price hovering near the upper Bollinger Band.

Price Action and Structure

Flow/Tether (FLOWUSDT) opened at 0.265 on 2025-11-07 at 12:00 ET and closed at 0.285 by 12:00 ET the following day, with an intraday high of 0.286 and a low of 0.264. Total volume reached 5,423,993.53, and total turnover was approximately 1,496.72. The price action displayed a strong bullish bias, particularly after 19:00 ET, with a series of higher highs and higher lows indicating a potential short-term reversal or breakout.

Bullish candlestick patterns such as hammer formations and bullish engulfing patterns were visible during key buying periods, especially between 21:00 and 23:00 ET, suggesting accumulation by longs. A notable bearish divergence occurred between 02:45 and 03:45 ET when price dipped but volume remained steady, indicating a potential pause in momentum.

Key Levels and Patterns

Support levels appear to be strengthening around 0.276–0.278 and 0.269–0.271, where price previously consolidated and bounced. Resistance levels at 0.281–0.283 and 0.285–0.286 are now acting as dynamic ceilings. A large bullish engulfing pattern formed around 0.281, potentially signaling a continuation of the upward move if broken.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart were in bullish alignment, with price above both lines during most of the session. The daily chart showed the 50-period MA above the 100 and 200-period MAs, reinforcing the long-term bias.

MACD and RSI

The MACD crossed above the signal line during key buying phases, supporting the bullish case. RSI peaked near 55–60, indicating moderate strength without entering overbought territory. A retest of the 50–55 range may signal continuation, while a drop below 45 could signal a pullback.

Bollinger Bands and Volatility

Price remained near the upper Bollinger Band for much of the latter half of the day, indicating heightened volatility. A contraction in the band width occurred between 03:00 and 05:00 ET, suggesting a potential breakout period. Price has since expanded the bands again, and further strength could push the upper band higher.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.264 to 0.286, key retracement levels include 0.278 (38.2%) and 0.273 (61.8%). On the daily chart, the 0.281 and 0.276 levels align with 61.8% and 78.6% retracements from a prior swing, indicating critical support/resistance.

Volume and Turnover Analysis

Volume spiked at 0.279 and again at 0.285, with turnover confirming the accumulation. Price-volume divergence occurred between 02:45 and 03:45 ET when price dipped but volume did not increase significantly, indicating weak bearish pressure. Strong volume during the 19:00–21:00 ET period confirmed the breakout attempt.

Backtest Hypothesis

A backtest strategy based on identifying “Bullish Engulfing” patterns on the 15-minute chart was attempted, but the data source returned an error indicating that the symbol "FLOWUSDT" was not recognized. This could suggest that the symbol is either incorrect, not supported by the data vendor, or not available for candlestick pattern analysis. To proceed, the symbol could be verified, or the signal dates could be manually provided for testing. Given the observed bullish engulfing patterns on the 15-minute chart today, particularly around 0.281, testing such signals may offer insights into their predictive power in FLOW/USDT’s price action.