Summary
• Price broke key resistance after a bullish engulfing pattern at $0.0000395.
• Momentum suggests continued upside with RSI near neutral and MACD trending higher.
• Volatility expanded as
surged above the upper Bollinger Band.
• Turnover spiked during the breakout with no divergence, confirming strength.
• Fibonacci 61.8% level at $0.0000394 offers initial near-term support.
FLOKI/Tether (FLOKIUSDT) opened at $0.0000409 at 12:00 ET–1, peaked at $0.0000415, troughed at $0.0000376, and closed at $0.0000416 by 12:00 ET. The 24-hour volume reached 42.5 billion USD, while notional turnover totaled roughly $1.7 billion, reflecting strong participation.
Structure & Key Levels
Price action displayed a clear bullish breakout from a consolidation range, with a bullish engulfing pattern forming near $0.0000395. This pattern was followed by a rapid move above the upper Bollinger Band, indicating rising volatility. Immediate resistance appears to be $0.0000416, while the 20-period 5-minute moving average is currently aligned with the price action, suggesting continued momentum.
Momentum and Indicators
MACD showed a positive crossover with the signal line and a growing histogram, supporting the bullish bias.
RSI moved out of oversold territory, now hovering near 55, indicating healthy but not overbought momentum. Fibonacci levels project critical retracement zones at $0.0000394 (61.8%) and $0.0000389 (50%), which could serve as short-term support.
Volatility and Turnover
Volatility expanded notably during the breakout, with price pushing above the upper Bollinger Band. Notional turnover aligned with the price surge, showing no signs of divergence. Volume during the breakout was robust, particularly between 15:00 and 16:00 ET, suggesting strong conviction among buyers.
Looking ahead, FLOKI/Tether may test key resistance at $0.0000420, with a positive close above this level likely to open the door to $0.0000435. Investors should remain cautious, however, as pullbacks toward $0.0000400 could test near-term conviction.
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