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

• FLOWUSDT formed a bullish breakout above key resistance, closing near the high of the 24-hour range.
• Volatility expanded significantly during midday hours, with volume spiking 2–3x above earlier averages.
• RSI reached overbought levels, suggesting a potential pullback or consolidation.
• Bollinger Bands widened after a contraction, signaling increased short-term uncertainty.
• Price found support at the 20-period MA on the 15-minute chart, reinforcing short-term bullish momentum.

Flow/Tether (FLOWUSDT) opened at $0.354 on 2025-10-09 12:00 ET and closed at $0.362 by 2025-10-10 12:00 ET, reaching a high of $0.366 and a low of $0.343. Total volume for the 24-hour period was 1,969,879.7 units, with a notional turnover of approximately $707,523. The pair has shown a distinct shift in sentiment from bearish to bullish, especially after breaking above a prior key resistance level.

Structure & Formations

Over the past 24 hours, FLOWUSDT displayed a strong bullish bias following a breakout above a horizontal resistance level around $0.36. Key support levels include $0.354 and $0.35, with the 20-period moving average currently sitting around $0.358. A bullish engulfing pattern emerged around 13:00 ET, confirming the shift in sentiment. A doji appeared briefly at $0.357, suggesting short-term indecision, though the overall trend remained intact.

Moving Averages

On the 15-minute chart, the 20-period MA is bullish, currently providing support and indicating ongoing momentum. The 50-period MA has also crossed above the 20-period MA, signaling a potential acceleration in the upward trend. On the daily chart, the 50-period MA is at $0.354, slightly below the 200-period MA at $0.349, but the 100-period MA has crossed above the 50-period MA, reinforcing a positive bias.

MACD & RSI

The MACD has turned positive, with a bullish crossover occurring around 10:30 ET and holding through most of the day. RSI reached overbought territory (above 70) at $0.366, indicating a potential for a pullback or consolidation. The RSI line is above the signal line, and the histogram remains mostly positive, suggesting continued upward momentum for now.

Bollinger Bands

Bollinger Bands have expanded after a period of contraction around midday, suggesting a period of increased volatility. Price has traded near the upper band for much of the latter half of the day, with a brief excursion above it at $0.366. This suggests overbought conditions and a potential pullback to the mid-band at $0.359 could be expected.

Volume & Turnover

Volume surged sharply around 13:30–14:00 ET, with two major spikes in notional turnover, reaching over $100,000 each. The price action and volume appeared to confirm the bullish breakout, as higher volume accompanied price increases. However, the final hour of the 24-hour period saw a sharp drop in volume and price, with a significant portion of the gains being erased.

Fibonacci Retracements

Fibonacci retracements on the recent 15-minute swing from $0.343 to $0.366 show that the pair has tested the 61.8% retracement level at $0.359 and then extended beyond to $0.362. The 38.2% level at $0.357 also acted as a key support and has been tested multiple times during the day.

Backtest Hypothesis

A potential backtest strategy would involve entering long positions on a bullish engulfing pattern, confirmed by a breakout above a horizontal resistance level and a MACD crossover above zero. Exit points could be set at the 61.8% Fibonacci retracement or when RSI crosses below 60, indicating a possible pullback. This strategy would also include a trailing stop just below key support levels to protect gains in case of volatility.