Market Overview for Flow/Tether (FLOWUSDT) – 2025-11-10

Summary
• Price action showed mixed sentiment, with a bearish pullback in early ET hours followed by a bullish rebound after 00:00 ET.
• On-balance volume surged in the final 6 hours, with turnover confirming price strength during the late-night rally.
• RSI indicated slight overbought conditions in the final 4 hours, while MACD remained below zero, suggesting cautious momentum.

FLOWUSDT opened at $0.282 at 12:00 ET–1 and closed at $0.286 at 12:00 ET, with a high of $0.288 and a low of $0.278 during the 24-hour window. Total volume amounted to 1,055,029.49 FLOW, while notional turnover reached $299,866.90. The pair shows a bearish-to-bullish sentiment swing in the final 6 hours, with a clear volume-driven reversal evident after 00:00 ET.

Structure & Formations

Price action displayed a bearish breakdown from a prior bullish trend after 17:00 ET, with a key support level forming at $0.28 and holding through the early part of the session. A bullish reversal pattern emerged after 00:00 ET as price moved above the $0.284 level, forming a small bullish engulfing pattern. A doji appeared at $0.285 shortly after, suggesting indecision and a potential consolidation phase.

Moving Averages

Short-term moving averages (20/50-period) on the 15-minute chart crossed to the bullish side after 00:00 ET, confirming the reversal. Daily 50/100/200-period averages remained relatively flat, but the 20-period MA has started to approach the 50-period MA, hinting at a potential longer-term bullish crossover. Price remains above the 50-period MA on the daily chart, a sign of medium-term bullish bias.

MACD & RSI

MACD crossed into neutral territory and showed a flattening histogram after 00:00 ET, indicating a potential momentum slowdown. RSI pushed into overbought territory (above 65) in the final 4 hours but remains below critical overbought levels, suggesting limited immediate exhaustion. A bearish divergence between the RSI and MACD hints at potential sideways or bearish follow-through, though volume trends support the recent bullish move.

Bollinger Bands

Volatility expanded during the overnight bullish move, with price pushing out to the upper band at $0.288. This suggests a potential correction or consolidation into the upper band. The narrowing of the bands earlier in the session pointed to a potential breakout, which materialized in the late-night rally. Price appears to be consolidating near the upper band, with a potential test of the $0.290 resistance level ahead.

Volume & Turnover

Turnover surged after 00:00 ET, confirming the bullish price action. The largest single candle (at 10:00 ET) pushed price up by 0.286 to 0.287 with $294,000 in turnover. A divergence appears between volume and price as volume dipped in the final hour despite continued price consolidation. This could signal weakening bullish momentum or a potential consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing (low at $0.278 to high at $0.288), price has reached the 78.6% retracement level at $0.286. This is a potential area of resistance or consolidation. On the daily chart, the 61.8% retracement level aligns with $0.285, which may act as a support or resistance zone if the rally continues.

Backtest Hypothesis

An attempt to identify MACD bottom divergence signals for FLOWUSDT from 2022-01-01 to 2025-11-10 returned zero valid events, indicating that this specific condition has not occurred in recent trading history. This suggests that either the asset’s price behavior does not often align with this pattern, or the divergence criteria used were too strict. A potential next step could be to analyze other bullish MACD patterns, such as a bullish crossover after a prolonged bearish phase, or to test a forward-looking strategy that acts on MACD bottom divergence as it appears in real time. Given the recent price action and volume surge, a dynamic strategy incorporating RSI overbought conditions and volume confirmation may offer more robust backtesting potential.