Market Overview for FLOKI/Tether (FLOKIUSDT)

• FLOKIUSDT surged 34.6% over 24 hours, driven by strong volume accumulation in late ET trading.
• Price broke above 8.75e-05 and 8.85e-05 resistance levels, with a bullish engulfing pattern at 8.83e-05.
• RSI reached 58, showing growing momentum but not overbought, with volume and price aligned.
• Bollinger Bands widened after 04:00 ET, indicating rising volatility ahead of a breakout.
• A key support at 8.65e-05 was tested and held, with a 61.8% Fib retracement at 8.71e-05 acting as near-term resistance.

FLOKI/Tether (FLOKIUSDT) opened at 8.417e-05 on 2025-10-02 12:00 ET, surged to a high of 9.021e-05, and closed at 8.987e-05 on 2025-10-03 12:00 ET. Total traded volume stood at 6.718e+10 and notional turnover at 5.985e+06. Price action shows a decisive breakout with strong volume confirmation.

Structure & Formations

Price formed a bullish engulfing pattern at 8.83e-05 and a key breakout above 8.85e-05, supported by strong volume accumulation. A bearish doji appeared at 8.775e-05, indicating short-term consolidation. Notable support levels include 8.65e-05 and 8.55e-05, both showing price resilience in earlier sessions.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are both bullish, with price currently above both. The 50-period line crossed above the 20-period line in the early hours of the 3rd, forming a golden cross. Daily chart indicators show the 50-period line above the 100-period line, with the 200-period line acting as a key long-term support.

MACD & RSI

The MACD line crossed above the signal line at 8.80e-05, confirming bullish momentum. RSI rose from 47 at 12:00 ET–1 to 58 by the end of the day, indicating growing bullish pressure but not yet overbought conditions. A divergence between price and RSI was observed near the 8.75e-05 level but resolved with the breakout.

Bollinger Bands

Volatility expanded significantly after 04:00 ET as price moved outside the upper band at 8.84e-05. The 20-period Bollinger Band width reached its highest level of the day, indicating a breakout scenario. Price traded near the upper band for most of the session, confirming bullish momentum and the likelihood of a continuation.

Volume & Turnover

Volume spiked to 6.7e+09 at 16:00 ET and again at 06:00 ET, coinciding with key resistance breaks at 8.85e-05 and 8.90e-05. Notional turnover peaked at 2.3e+06 during the 16:00 ET–17:00 ET window, aligning with the initial breakout. Volume and price are in alignment, with no signs of divergence.

Fibonacci Retracements

Applying the 38.2% and 61.8% Fibonacci levels to the swing low of 8.417e-05 and high of 9.021e-05, we get 38.2% at 8.74e-05 and 61.8% at 8.71e-05. Price held above the 61.8% level and tested the 38.2% zone as resistance, suggesting a possible consolidation before the next leg up.

Backtest Hypothesis

A backtest strategy could be constructed using the 15-minute MACD crossover and 61.8% Fib retracement as entry signals, combined with Bollinger Band breakouts as confirmation. Stop-loss placement could be set below the 8.71e-05 Fib level, with a take-profit target at 9.15e-05 based on prior resistance and projected volatility. The high volume and aligned indicators suggest strong confidence in the strategy’s validity over the next 24–48 hours.