Summary
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declined from a 4.151e-05 high to 4.108e-05, forming bearish engulfing and inside patterns.
• Momentum weakened as RSI dropped below 50 and MACD flattened, signaling potential oversold conditions.
• Volatility remained moderate with price hovering near the lower Bollinger Band during the final hours.
• Turnover increased during early sessions, but diverged from price as volume waned toward close.
• Fibonacci retracement levels at 4.125e-05 and 4.108e-05 acted as key support during the pullback.
FLOKI/Tether (FLOKIUSDT) opened at 4.114e-05 on 2025-12-20 at 12:00 ET, reached a high of 4.151e-05, and closed at 4.111e-05 on 2025-12-21 at 12:00 ET, with a low of 4.108e-05. Total volume was 982,453,380 and turnover was 69.49 over the 24-hour window.
Structure & Formations
Price action displayed a bearish bias throughout the session, with a key bearish engulfing pattern forming near the 4.151e-05 high. Later, an inside bar pattern confirmed consolidation, with price finding initial support at the 4.108e-05 level.
This level aligned with the 61.8% Fibonacci retracement of the 4.114e-05 to 4.151e-05 move, reinforcing its significance.
Moving Averages and Momentum
On the 5-minute chart, the 20- and 50-period moving averages remained in bearish alignment, with price failing to close above either line during the session. The RSI dipped below 50 and moved into oversold territory, while the MACD histogram flattened and turned negative, indicating weakening momentum and a potential short-term reversal.
Volatility and Bollinger Bands
Volatility remained moderate, with Bollinger Bands showing a slight expansion during the morning hours. Price closed near the lower band, suggesting a potential rebound may be due. However, the lack of a strong break above the midline indicates that bullish conviction remains limited.
Volume and Turnover
Volume surged in the early hours, particularly between 17:00 and 19:00 ET, confirming the initial bearish breakout. However, turnover and volume diverged in the late hours, with declining volume despite further price weakness, hinting at diminishing bearish pressure.
FLOKIUSDT appears poised to test the 4.108e-05 level for support in the next 24 hours, with a potential for a rebound if this level holds. Investors should remain cautious, as a break below 4.108e-05 could accelerate further downside.
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