Market Overview for FLOKI/Tether (FLOKIUSDT)

Summary
• FLOKIUSDT formed a bullish engulfing pattern near 0.0000403 after hitting a 24-hour low at 0.00003976.
• Price oscillated within a 1.1% range, with RSI indicating neutral momentum and no overbought/oversold extremes.
• Bollinger Bands showed a slight contraction, suggesting a possible consolidation phase before a breakout.
• Notional volume peaked at $9.2 billion during a 4.154e-5 high, with strong buying pressure in the final 4.5 hours.
• Fibonacci retracement levels at 0.0000406 (38.2%) and 0.0000413 (61.8%) could act as key resistance near-term.

At 12:00 ET−1 on 2025-12-17, FLOKI/Tether (FLOKIUSDT) opened at 0.00004119, hit a high of 0.00004160, a low of 0.00003976, and closed at 0.00004043 by 12:00 ET on 2025-12-18. Total volume was 69,559,129,295 units, and notional turnover reached $279.8 million over 24 hours.

Structure & Formations

Price carved a bullish engulfing pattern near 0.0000403 after a sharp correction to 0.00003976. A doji formed at 0.00004046 in late morning, signaling potential indecision. Key support appears to be holding at 0.00003976, while resistance levels at 0.0000406 and 0.0000413 align with Fibonacci retracements of the recent 5-minute swing.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart crossed below the price during the early morning sell-off but have since converged near 0.0000405. On a daily chart, the 50-period MA sits at 0.0000408, suggesting a potential near-term pivot point if the 200-period MA is approached.

MACD & RSI

The MACD line crossed into positive territory during the afternoon rebound, confirming short-term bullish momentum. RSI remains within the mid-50s, indicating balanced buying and selling pressure without overbought or oversold extremes. No bearish divergence was observed, supporting a potential continuation of the current trend.

Bollinger Bands

Bollinger Bands contracted during the 6–8 AM ET consolidation phase, narrowing the range between 0.0000402 and 0.0000406. Price has since expanded beyond the upper band temporarily, suggesting increasing volatility and a possible breakout scenario. A reversal below the lower band could signal renewed bearish pressure.

Volume & Turnover

Volume surged to $9.2 billion during a 4.154e-5 high, with a sharp increase in turnover aligning with the afternoon and early evening rally. Notional turnover and price action were in alignment, supporting the strength of the late-day rebound. A volume divergence could emerge if price stalls near 0.0000413 without significant participation.

FLOKIUSDT appears to be in a consolidation phase ahead of a potential breakout above 0.0000413 or a retest of 0.00003976. A push above 0.0000406 may attract further bullish interest, but bearish pressure could reemerge if RSI shows signs of divergence. Investors should monitor volume behavior near these levels over the next 24 hours.