Summary
• Price opened at $0.00005008 and closed at $0.00004666, down 6.8% in 24 hours.
• RSI near 30 suggests oversold conditions, but volume did not confirm strength.
• Bollinger Bands widened as volatility increased midday, with price testing the lower band.
• Volume spiked at $0.00005202 but failed to hold above, raising bearish concerns.
• 50-period moving average on 5-min chart acted as resistance, suppressing rally attempts.
FLOKI/Tether (FLOKIUSDT) opened at $0.00005008 on 2025-12-10 12:00 ET, reached a high of $0.00005247, a low of $0.00004607, and closed at $0.00004666 on 2025-12-11 12:00 ET. Total volume reached 37,188,590,895.0 with a notional turnover of $1,896,972.
Structure & Formations
Price formed multiple bearish patterns, including a shooting star at $0.00005202 and a dark cloud cover near $0.00005117. Support levels emerged at $0.00004900 and $0.00004620, while resistance held near $0.00005150.
Moving Averages
The 50-period moving average on the 5-minute chart capped rallies around $0.00005100–$0.00005200, suggesting short-term bearish bias. Daily 50/200-period averages remained unbroken but show declining momentum.
MACD & RSI
MACD crossed into negative territory with a bearish divergence. RSI dropped below 30 at 11:00 ET but failed to trigger a strong rebound, indicating possible exhaustion in the short-term.
Bollinger Bands
Bollinger Bands expanded during the afternoon as volatility increased, with price hitting the lower band multiple times. This may suggest continued sideways consolidation or a short-term pullback.
Volume & Turnover
Volume spiked sharply during the midday rally, reaching 13.7 billion at $0.00005202, but failed to confirm the price action with a following close below that level. Notional turnover mirrored volume spikes, showing consistent selling pressure.
Fibonacci Retracements
Key Fibonacci levels on the 5-minute swing showed price testing the 61.8% retracement at $0.00004620–$0.00004640. The daily move from $0.00005247 to $0.00004607 has seen price test the 38.2% retracement at $0.00004960.
While FLOKIUSDT appears to be testing support and could find temporary relief near $0.00004600, traders should remain cautious of a possible breakdown if key support levels fail to hold over the next 24 hours.
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