Market Overview for Flow/Tether (FLOWUSDT) on 2025-10-08

• Price declined from 0.365 to 0.358 over 24 hours, with key support at 0.357–0.358.
• High volatility seen in early hours with a 1.5% range, followed by consolidation.
• Volume surged to 88,411.54 at 03:30 ET, but price failed to follow through.
• RSI and MACD suggest weakening momentum, with oversold conditions near 0.357.
• Bollinger Bands show contraction during consolidation, indicating possible breakouts ahead.

FLOWUSDT opened at 0.362 on October 7 at 12:00 ET, reached a high of 0.365, and closed at 0.358 on October 8 at 12:00 ET. The total traded volume over the 24-hour period was 1,728,798.99, with a notional turnover of $629,037.89. The price appears to have tested key levels, with bearish pressure dominating the latter part of the session.

Structure & Formations

The price structure over the 24-hour period reveals several key levels. Resistance appears to be forming at 0.362–0.363, where multiple failed attempts to break above were observed. A notable bearish engulfing pattern formed around 19:45 ET, signaling a shift in sentiment. Support was reinforced at 0.357–0.358, with a long lower wick and multiple bounces from this area. A doji at 04:45 ET indicated indecision, followed by a bearish continuation into consolidation.

Moving Averages

The 15-minute chart shows the price oscillating between the 20-period and 50-period moving averages, with a bearish crossover occurring briefly in the early morning hours. On the daily chart, the 50-period MA appears to be acting as a dynamic resistance, while the 200-period MA continues to provide a longer-term floor around 0.350. The price remains below the 100-period MA, reinforcing a bearish bias in the short term.

MACD & RSI

The MACD line has turned negative and is crossing below the signal line, indicating weakening bullish momentum. The histogram shows a contraction in buying pressure. The RSI has dipped into oversold territory, with values below 30 observed at 03:30 ET, suggesting a potential bounce near 0.357. However, bearish divergence between price and RSI suggests that any rebound may be limited without strong follow-through volume.

Bollinger Bands

Volatility expanded during the initial hours of the session, with the Bollinger Bands widening to reflect the 0.365–0.357 range. The subsequent consolidation caused the bands to contract, indicating a period of low volatility and potential for a breakout. The price currently resides near the lower band at 0.357–0.358, suggesting the possibility of a short-term rebound or a continuation of the downward move.

Volume & Turnover

Volume was highly uneven, with a major spike at 03:30 ET when 88,411.54 units traded, yet the price failed to break above 0.360. This suggests weak conviction in the upside. Conversely, volume remained relatively low during the consolidation phase, implying that traders are waiting for a clearer direction. Turnover mirrored volume, with the highest notional turnover at 03:30 ET, but no significant price movement followed.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing high at 0.365 and low at 0.357 shows key levels at 38.2% (0.362) and 61.8% (0.360). The price appears to have found support at the 61.8% level before testing the 38.2% level, which acted as a minor resistance. On the daily chart, the 61.8% retracement from the major high aligns with 0.362, reinforcing its significance as a potential turning point.

Backtest Hypothesis

A potential backtesting strategy for FLOWUSDT involves entering short positions when the price breaks below the 20-period moving average on the 15-minute chart, confirmed by bearish divergence in the RSI and a close below the lower Bollinger Band. Stop-loss can be placed above the most recent swing high, with a target at the next Fibonacci level. This setup aims to capture short-term bearish momentum, particularly during periods of high volume and consolidation. The current price structure supports this strategy, with the key levels in place and clear signals emerging from technical indicators.