Market Overview for FLOKI/Tether (FLOKIUSDT)

Summary
• FLOKIUSDT tested key support levels before rebounding into a bullish engulfing pattern near $0.0000396.
• RSI suggests oversold conditions were followed by a sharp momentum reversal above 20.
• Bollinger Bands showed a narrow contraction early morning, preceding a breakout to the upper band.
• Volume spiked significantly during the 15:45–16:00 ET session, aligning with the highest 5-minute OHLC range.
• A 61.8% Fibonacci retracement level from the recent daily high appears to act as strong support.

FLOKIUSDT opened at $0.00003931 on 2025-12-31 at 17:00 ET, reached a high of $0.00004059, a low of $0.00003861, and closed at $0.00004064 at 12:00 ET on 2026-01-01. Total volume was 28,267,429,860.0 and notional turnover was $1,138,164.7989677.

Structure & Formations

The price of FLOKIUSDT displayed a bullish engulfing pattern forming just below $0.0000396, suggesting a potential reversal after a consolidation phase. The 20-period moving average crossed above the 50-period line, signaling a short-term uptrend. Key support at $0.0000395 and resistance at $0.0000402 became increasingly relevant throughout the session.

MACD & RSI

The MACD line crossed above the signal line late morning, confirming a shift in momentum. RSI bottomed at 18 during the pre-breakout phase and surged above 30, indicating a possible reversal from oversold conditions. This suggests buyers gained control after a period of bearish pressure.

Bollinger Bands

Volatility tightened into a narrow range between $0.0000395 and $0.0000398 during the early hours of 2026-01-01, a classic precursor to a breakout. Price then surged toward the upper band by mid-afternoon, suggesting a continuation of bullish energy with room for further upside.

Volume & Turnover

Notable volume spikes were observed during the 15:45–16:00 ET and 16:30–16:45 ET sessions, coinciding with the largest price bars of the day. Notional turnover increased in line with price action, indicating strong conviction in the upward move, particularly around $0.0000404–$0.0000406.

Fibonacci Retracements

A 61.8% retracement level from the recent daily high at $0.00004064 held firm as support, aligning with a consolidation range that preceded the breakout. This level may now serve as a potential floor for further bullish moves if buyers continue to absorb downward pressure.

FLOKIUSDT appears to have found a new momentum phase following a consolidation and a key bullish reversal pattern. While the near-term outlook is positive, traders should remain cautious of potential pullbacks toward key support levels or divergences in volume and RSI over the next 24 hours.