Market Overview for FLOKI/Tether

Summary
• FLOKI/Tether posted a modest close near 0.0000585 after an early sharp decline to 0.0000535.
• Key support appears to be consolidating around 0.0000550-0.0000575 as price tested and bounced from the level.
• Volume surged during the 20:30–21:30 ET window, suggesting increased activity and potential order flow shifts.

FLOKI/Tether traded on the FLOKIUSDT pair opened at $0.00005909 on 2025-11-04 at 12:00 ET, reached a high of $0.00005961, and hit a low of $0.00005355, closing at $0.00005853 on 2025-11-05 at 12:00 ET. The 24-hour notional volume was approximately $32.7 billion, with total turnover of $18.9 billion, indicating strong participation during a volatile session.

Structure & Formations

Price formed a distinct bearish pennant between 0.0000560 and 0.0000595 during the early part of the session, with a breakdown occurring at 0.0000565. A bullish reversal at 0.0000558 around 22:00 ET marked a potential short-term support. Key support levels to watch include 0.0000555 and 0.0000540, with resistance at 0.0000580 and 0.0000600.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key price levels after midday ET, signaling bearish momentum. On the daily chart, the 50/100/200 moving average lines are in a bearish alignment, with the 200-day line acting as a long-term resistance.

MACD & RSI

The MACD line turned negative by 20:00 ET, confirming a bearish momentum shift. RSI dropped below 40 around 20:30 ET, indicating oversold conditions. However, the RSI rebounded above 50 by 03:00 ET, suggesting renewed bullish pressure.

Bollinger Bands

Volatility expanded during the 20:30–22:30 ET period, with price breaking below the lower Bollinger band at 0.0000550. Price has since bounced and now sits within the mid-range of the bands. A continued expansion of the bands could signal further consolidation or breakout potential.

Volume & Turnover

Volume spiked to over $29.5 billion at 20:30 ET, aligning with the price breakdown. A divergence in turnover and price emerged during the 03:00–04:30 ET window as price rose without a corresponding volume surge. This may suggest a lack of conviction in the move higher.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.00005355 to 0.00005961 swing, the 61.8% level is at 0.00005658, which appears to be functioning as a dynamic support/resistance zone. The 38.2% level at 0.00005744 coincided with a short-term bullish bounce, reinforcing its relevance for near-term positioning.

Backtest Hypothesis

Given the lack of a pre-calculated RSI series, we can proceed by ingesting a raw OHLC price file for FLOKIUSDT and calculating the RSI in-house. Once the RSI is available, we can test a mean-reversion strategy using RSI thresholds of 30 (oversold) and 70 (overbought), paired with Fibonacci retracement levels and Bollinger Band volatility signals. This would allow us to evaluate whether the price bounce from the 0.0000558 level could have been a reliable entry point for a short-term bullish trade.