Market Overview: Flow/Tether (FLOWUSDT) – 2025-10-22 24-Hour Analysis

• Flow/Tether (FLOWUSDT) closed near session lows amid bearish momentum and declining volume.
• Price action formed a prolonged bearish trend with key support now at 0.268–0.270.
• Volatility remained subdued with volume diverging from price in the final hours.
• RSI showed oversold conditions near 30, signaling possible short-term stabilization.
• MACD turned negative, suggesting continued bearish bias in the near term.

At 12:00 ET–1 on 2025-10-22, Flow/Tether (FLOWUSDT) opened at 0.284, surged to a high of 0.287, and fell to a low of 0.264, closing at 0.271 at 12:00 ET. Total volume reached 1,239,878.51, while total turnover (notional value) totaled 331,827.71. Price action over the 24-hour period reflected a bearish continuation pattern amid declining momentum and mixed volume signals.

Structure & Formations

Over the past 24 hours, FLOWUSDT exhibited a clear bearish bias, with price failing to retest previous resistance levels above 0.280. A series of bearish candlestick patterns emerged, including a key bearish engulfing pattern on the 15-minute chart at 14:00 ET–1 and a long lower shadow formation at 05:30 ET–2 suggesting short-covering or failed bullish attempts. A notable 0.268–0.270 price zone emerged as strong support, with price rebounding off this range three times. Resistance above 0.276 appears to be under pressure, with no convincing retests in the last 24 hours.

Moving Averages

On the 15-minute chart, price has been trading below the 20-period and 50-period SMAs, reinforcing the short-term bearish trend. On the daily chart, the 50-period SMA is at 0.281, and the 200-period SMA is at 0.279, both above current levels. This suggests that FLOWUSDT remains in a larger bearish consolidation phase but could test the 50-period SMA as a potential short-term floor in the next 48 hours.

MACD & RSI

The MACD line crossed below the signal line early in the session and remained negative throughout, confirming the bearish momentum. RSI entered oversold territory at 30 during the overnight hours, potentially signaling a short-term bounce. However, the RSI divergence from price action in the last 4 hours suggests caution, as the indicator failed to make a lower low while price continued to fall. These signals may not indicate a reversal but rather a pause in the bearish move.

Bollinger Bands

Volatility remained relatively low throughout the session, with the Bollinger Bands narrowing toward the end of the period. Price action stayed within the bands but did not breach the lower band, which was at 0.266 at 05:30 ET–2. The bands are now expanding again as volatility picks up, particularly during the Asian session. This could signal an upcoming break or a continuation of the current range-bound behavior.

Volume & Turnover

Volume was generally higher during the Asian and European sessions, with a peak at 23:30 ET–1 (0.270–0.271 range). Notional turnover spiked as well, confirming the price action. However, in the last 4 hours, volume and turnover diverged from price, with turnover declining despite lower prices. This divergence could suggest a loss of selling momentum, which may lead to a short-term pause in the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing high at 0.287 and swing low at 0.264, key levels include 0.277 (38.2%) and 0.271 (61.8%). Price action has tested and failed to hold above 0.277, and the 61.8% level at 0.271 has been a recurring support area. A break below 0.268 would confirm the next Fibonacci level at 0.263 as the next target.

Backtest Hypothesis

Given the bearish setup and recent support at 0.268–0.270, a potential backtesting strategy could involve shorting the pair once a bearish engulfing pattern or a breakdown below the 0.271 level is confirmed. Holding the position for up to 3 days with no stop-loss or take-profit rules could test the bearish potential of the current trend. This aligns with the "Bullish Engulfing – 3-Day Hold" strategy mentioned, which can be adapted to a bearish context by shorting upon confirmation of bearish patterns. Traders might consider implementing a stop-loss near the 0.276 resistance for risk management, especially with the RSI showing signs of a potential short-term rebound.