FLOWUSDT Market Overview for 2025-09-22

• Price opened at $0.393 and fell to $0.348 before closing near $0.358, marking a sharp bearish reversal.

• High volatility was observed with a 12.3% decline and volume spiking to $1.6 million during the selloff.

• Momentum shifted rapidly in the early hours of trading, with RSI entering oversold territory and volume confirming the move.

• A key support level appeared around $0.356, where buying pressure temporarily halted the decline.

• A large bearish engulfing pattern formed around 06:15 ET, signaling a potential continuation of the downward trend.

Flow/Tether (FLOWUSDT) opened at $0.393 on 2025-09-21 at 12:00 ET and closed at $0.358 on 2025-09-22 at 12:00 ET, with a 24-hour high of $0.394 and a low of $0.348. Total volume across the 24-hour window was 2,643,799.69, and notional turnover amounted to approximately $1.04 million, driven largely by a sharp selloff from $0.389 to $0.348 around 06:15 ET.

Structure & Formations

The past 24 hours saw significant bearish structure form, including a key bearish engulfing candle at $0.389 to $0.369 and a large selloff that broke below the 0.38–0.39 support cluster. A potential support floor emerged at $0.356–0.358, with a doji appearing at the lower end of that range, suggesting short-term stabilization. A 61.8% Fibonacci retracement level from the 0.394 high to the 0.348 low lands near $0.361, which may act as a short-term resistance on any bounce.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA have both fallen into bearish alignment, with the 20SMA currently below the 50SMA. On the daily chart, the 50DMA and 200DMA are both bearish, with price well below both. The 100DMA is approaching $0.366, which may serve as a potential short-term resistance or a key level for bears to test.

MACD & RSI

The MACD crossed bearishly into negative territory during the early hours of the selloff, confirming the bearish momentum. RSI has fallen into oversold territory near 30, which could indicate a potential bounce, but only if volume confirms it. The histogram has been strongly negative, suggesting sustained selling pressure.

Bollinger Bands

Price has spent most of the session near the lower Bollinger Band, indicating a high volatility environment. The bands have expanded significantly due to the sharp move lower, with the 20-period standard deviation reaching its widest level in days. This expansion suggests a potential consolidation phase ahead as volatility may contract.

Volume & Turnover

Volume spiked dramatically during the selloff phase from $0.389 to $0.348, with over $1.6 million in turnover occurring during the 06:15 ET candle alone. This spike is consistent with price, offering confirmation rather than divergence. The morning session showed lower volume and turnover, indicating a potential exhaustion of the selloff.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.394 to $0.348, the 50% level at $0.371 may act as a potential resistance, while the 61.8% level at $0.361 could be a key area to watch for a short-term bounce or rejection.

Backtest Hypothesis

Given the bearish engulfing pattern, oversold RSI, and a confirmed break of key support levels, a backtesting strategy could be constructed around a short entry at the close of the 06:15 ET candle with a stop above the 0.361 Fibonacci level. A target could be placed at $0.348–$0.345, with a trailing stop at 5% of the trade entry for risk management. This approach would align with the observed price momentum and technical alignment, potentially capturing a continuation of the downward trend.