FLOWUSDT Breaks Key Support Amid Surge in Liquidation Volume

Summary
• Price broke below key support at $0.0305, confirming a bearish bias into the session close.
• Volume surged after 00:00 ET, indicating heavy liquidation or shorting activity.
• RSI entered oversold territory, hinting at a possible near-term bounce.
• A large bearish engulfing pattern formed around 02:15 ET, signaling strong downward momentum.

At 12:00 ET on March 22, 2026, Flow/Tether (FLOWUSDT) opened at $0.03045, reached a high of $0.03108, a low of $0.0288, and closed at $0.03002. Total 24-hour volume was ~120.3 million FLOW, with turnover of ~$3.65 million.

Structure & Formations

Price action showed clear bearish control after breaking below the $0.0305 support, which had previously acted as a magnet during the afternoon rebound. A large bearish engulfing pattern emerged at 02:15 ET, reinforcing the breakdown. A key resistance zone appears near $0.0307, where the price stalled twice earlier in the session.

Moving Averages

On the 5-minute chart, price closed below the 20- and 50-period SMAs, confirming short-term bearish momentum. For the daily chart, while no data was provided, the 50-period SMA is likely the next immediate support if the selloff continues.

MACD & RSI

The RSI indicator entered oversold territory, dipping below 30, suggesting potential short-term buying interest. MACD remained bearish with a negative histogram, showing no reversal in momentum.

Bollinger Bands

The bands expanded after the break below $0.0305, signaling increased volatility. Price closed near the lower band, typical of a bearish breakout, and may test the 2σ lower boundary as a potential bounce level.

Volume & Turnover

Volume spiked dramatically at midnight ET, coinciding with the breakdown below $0.0305 and continued selling into the early morning. Notional turnover also surged, confirming the volume-driven breakdown. No divergence between price and turnover was observed.

Fibonacci Retracements

A key 61.8% retracement level lies at ~$0.0295 based on the recent swing high at $0.03081 and low at $0.02948. If the selloff continues, the 78.6% level is at $0.0288, which appears to be a hard stop for many positions.

Looking ahead, a potential bounce from the current oversold RSI and key Fibonacci levels could offer short-term relief, but the breakdown below $0.0305 has shifted the immediate bias to the downside. Investors should watch for a retest of the $0.0295 level and manage risk with a stop above $0.0307.