Summary
• Price declined from 1.24e-06 to 1.13e-06 amid bearish momentum and rising volume.
• A key support level appears around 1.11e-06, with rejection seen in the early morning.
• Volatility expanded late in the session, indicating a potential turning point.
• MACD and RSI suggest oversold conditions but without clear reversal signals.
• Bollinger Band contraction and divergence in price-volume action hint at a possible trend reversal.
Flow/Bitcoin (FLOWBTC) opened at 1.24e-06 on 2025-12-28 at 12:00 ET, reached a high of 1.24e-06, and closed at 1.13e-06 on 2025-12-29 at 12:00 ET, with a low of 1.08e-06. Total volume for the 24-hour period was 942,782.96 and turnover reached approximately 1.0864.
Structure & Formations
The candlestick structure shows a series of bearish patterns, including bearish engulfing and hanging man formations. A key support level appears to have formed at 1.11e-06, where price found multiple rejections during the early hours of 2025-12-29. This area may hold as a psychological floor for short-term traders.
MACD & RSI
The MACD line crossed below the signal line early in the 24-hour period and remained in negative territory, signaling bearish momentum. The RSI indicator reached oversold levels below 30 at several points, but no strong reversal candlestick patterns accompanied the divergence, making a bullish bounce uncertain.
Bollinger Bands
Volatility increased significantly during the last six hours of the session, causing the Bollinger Bands to widen. Price action touched the lower band multiple times, especially near 1.11e-06, suggesting potential exhaustion of the downward move. A contraction in the bands is observed in the early morning, signaling a possible turning point.
Volume & Turnover
Volume surged during the late-night and early morning hours, particularly after 00:00 ET. Turnover also increased, though it lagged slightly behind the price drop. The divergence between price and volume suggests a possible weakening in the bearish trend, though confirmation is needed.
Fibonacci Retracements
Applying Fibonacci to the most recent 5-minute swing (1.24e-06 to 1.08e-06), the 61.8% level is at 1.13e-06, where the price closed on 2025-12-29. This suggests a possible short-term stabilization level. On the daily chart, retracement levels are not yet clearly defined due to the short period under review.
Market action over the next 24 hours may hinge on whether 1.11e-06 holds or breaks, as this could trigger a reversal or a deeper correction. Investors should remain cautious about overbought/oversold conditions and watch for a breakout or breakdown on higher volume.
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