Market Overview for Flow/Tether (FLOWUSDT) – 2025-10-13

• Flow/Tether opened at $0.287 and closed at $0.292, forming a bullish close on a strong 24-hour volume of 1.43M FLOW.
• Momentum appears constructive, with RSI rising and Bollinger Bands showing moderate volatility.
• A key resistance at $0.295 was tested but not decisively cleared, while $0.287 support held firm throughout the session.
• Notable volume spikes were observed between 19:30–20:45 ET, suggesting increased interest in the $0.294–$0.298 range.
• A bullish engulfing pattern was visible on several 15-minute candles, signaling possible short-term buying pressure.

Price Action and Structure

Flow/Tether (FLOWUSDT) opened the 24-hour period at $0.287 and closed at $0.292, gaining 1.74% against Tether. The pair touched a high of $0.301 and a low of $0.285. The price action suggests a constructive bias, with buyers stepping in to defend the $0.287 level and push the price higher late in the session. Key resistances to watch include $0.295 and $0.301, while $0.287 and $0.285 remain firm support levels.

A notable bullish engulfing pattern was observed between 19:30–20:45 ET, as well as a small bearish divergence at $0.301 later in the session. These signals may indicate potential for further consolidation or a breakout attempt over the next 24 hours.

Volatility and Momentum

The 20-period and 50-period moving averages on the 15-minute chart show a narrowing crossover with the price, indicating a possible shift from a consolidative to a directional phase. RSI has improved from below 50 to 58, hinting at moderate buying momentum. However, it has not yet entered overbought territory (RSI > 70), suggesting there is still room for upward movement without triggering aggressive profit-taking.

Bollinger Bands have widened slightly, showing increased volatility in the afternoon session. The price closed near the upper band at $0.292, suggesting a potential continuation of bullish sentiment, although a breakout above the upper band would be needed to confirm a stronger reversal.

Volume and Turnover

The 24-hour volume came in at approximately 1.43 million FLOW, while the notional turnover was $413,400. This volume is concentrated between $0.291 and $0.298, with a particularly strong buying effort observed between 19:30 and 20:45 ET. However, the volume failed to confirm a strong move above $0.301, which may suggest a lack of conviction from large players. A divergence between price and volume may caution against immediate bullish assumptions.

Backtest Hypothesis

To further validate the recent bullish signals, a backtesting strategy focusing on the Bullish-Engulfing pattern has been proposed. While the initial query for this pattern returned a backend error (status 500), the pattern can be identified manually using the 15-minute OHLCV data. A possible next step is to isolate all instances of a bullish engulfing pattern in the provided dataset and test a 3-day-hold strategy. This would involve measuring the average return from each pattern formation and evaluating whether it outperforms a simple hold or buy-and-sell strategy over the same period. This approach could provide actionable insights for traders looking to leverage short-term candlestick signals in the FLOWUSDT pair.

Forward Outlook and Risk

Looking ahead, FLOWUSDT may test $0.295 as a key near-term resistance, with a potential for a short-term breakout if volume remains strong and buyers defend the level. However, caution is warranted due to the recent divergence in volume and the lack of confirmation above $0.301. A pullback below $0.287 could trigger short-term selling pressure. Investors should remain alert to volatility and divergence signs, particularly around key Fibonacci retracement levels.