FLOWUSDT Breaks Key Support as Bearish Cues Pile Up

Summary
• Flow/Tether traded in a tight range with key support at 0.04615 and resistance at 0.04781 on the 5-minute chart.
• Volume surged after 18:00 ET, confirming a bearish reversal from 0.05113 to 0.0479.
• RSI indicated oversold conditions near 0.04554, while Bollinger Bands showed low volatility before the rebound.
• The 50-period moving average on 5-minute data crossed below price, signaling potential bearish momentum.
• Fibonacci retracement levels suggest 0.0455–0.0463 as key near-term support.

Flow/Tether (FLOWUSDT) opened at 0.04703 on 2026-02-06 17:00 ET and closed at 0.04609 as of 12:00 ET on 2026-02-07. The pair reached a high of 0.05235 and a low of 0.04523 during the 24-hour period. Total trading volume was 38,236,573.32, with notional turnover of 1,727,594.16.

Structure and Candlestick Patterns

The price action between 17:00 and 18:00 ET showed a sharp upward move, with a bullish engulfing pattern at the start of the session. However, the large bearish candle at 18:00 ET, closing at 0.04958, was later reversed by a series of lower closes, forming a bearish harami around 0.0475–0.0479. A long lower shadow at 0.04614–0.04636 suggested a temporary oversold condition, while a doji at 0.04636–0.04633 marked indecision.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA crossed below price, confirming bearish momentum. The 50-period MA remained above the 20-period line, reinforcing a short-term downtrend. On the daily chart, the 50-period MA appears to be approaching a potential support level near 0.0465. MACD showed a bearish crossover in the early part of the session, followed by a weak divergence suggesting waning bearish pressure. RSI dipped below 30 near 0.04554 and slowly climbed back toward 45, indicating tentative buyer interest.

Volatility and Bollinger Bands

Bollinger Bands contracted between 04:00 and 08:00 ET, signaling a period of consolidation and low volatility. Price then broke out of the upper band briefly at 0.04958 before retracing back within the bands, ending near the lower boundary at 0.04609. This suggests a possible rangebound pattern with key levels at 0.04615 (lower band) and 0.0475 (upper band) for near-term trading.

Volume and Turnover Analysis

Volume spiked at 18:00 ET with a notional turnover of 27,013.99, confirming a bearish breakdown from 0.05113 to 0.0479. Turnover remained elevated between 22:00 and 00:00 ET, aligning with a downward correction. However, volume dropped off after 05:00 ET, coinciding with a period of consolidation and reduced directional momentum. The volume-to-price divergence after 03:00 ET suggests weakening bearish sentiment.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 5-minute swing from 0.05107 to 0.04554, the 38.2% level (0.0478) and 61.8% level (0.0462) are likely to act as dynamic support and resistance. On a broader scale, the daily swing from 0.05113 to 0.04554 aligns with similar retracement levels, reinforcing the importance of the 0.0462–0.0465 zone for potential buying interest.

In the next 24 hours, FLOWUSDT may test the 0.04615 support and look for a potential bounce or a break below that level. Traders should remain cautious as volume has not yet confirmed a new trend, and the RSI remains in the middle range, suggesting potential for either continuation or reversal.