Market Overview: Flow/Tether (FLOWUSDT) on 2025-12-21

Summary
• Price opened at $0.174 and closed at $0.175 after a 24-hour period of consolidation and minor bullish action.
• A strong 5-minute bullish engulfing pattern emerged early in the session, followed by a pullback and a retest.
• Volume surged near 0.175–0.177 levels, indicating key areas of interest but no clear breakout confirmation.
• RSI remained in neutral territory, while Bollinger Bands showed a modest contraction indicating possible range-bound conditions.

Flow/Tether (FLOWUSDT) opened at $0.174 on 2025-12-20 at 12:00 ET, reaching a high of $0.177 and a low of $0.169 before closing at $0.175 at 12:00 ET on 2025-12-21. Total 24-hour volume was 1,287,828.37 and turnover amounted to approximately $222,860. The price action suggests a tight trading range with key support at $0.174 and resistance at $0.176.

Structure & Formations

The candlestick pattern on the 5-minute chart revealed a bullish engulfing formation at the start of the session, followed by a retest of the $0.175 level. A doji formed around $0.176 at 22:45 ET, signaling indecision. The price failed to break above the 0.177 resistance, forming a potential topping pattern.

A descending triangle emerged on the 20-period 5-minute chart, suggesting a possible continuation or breakdown in the near term.

Moving Averages

On the 5-minute chart, the 20-period moving average crossed above the 50-period line early in the session, supporting the initial bullish momentum. On the daily chart, the 50-period MA at $0.174 aligned closely with the 200-period MA, indicating a potential support level. The 100-period MA at $0.176 acted as a key resistance.

MACD & RSI

The MACD showed a positive divergence early in the session but flattened after the price retested the $0.175 level, suggesting waning bullish momentum. RSI remained in the mid-40–60 range throughout the day, avoiding overbought or oversold conditions. This suggests the market is in a balanced phase, with no strong directional bias.

Bollinger Bands

Bollinger Bands showed a slight contraction in the early hours of the session before expanding again. The upper band reached $0.177, while the lower band hovered around $0.173. Price spent much of the day trading near the middle band, indicating a sideways trend and limited volatility.

Volume & Turnover

Volume spiked significantly around the $0.175–$0.177 range, especially between 22:45 ET and 00:45 ET. Turnover also increased during these hours, confirming the price action. However, after failing to break above $0.177, volume and turnover decreased, indicating a lack of conviction.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from $0.174 to $0.177, the 38.2% retracement level aligned with $0.176, while the 61.8% level aligned with $0.175. These levels coincided with key volume zones and acted as price clusters. On the daily chart, the 61.8% retracement level of the prior week’s swing is at $0.172, a level that will likely be tested in the coming days.

The market may attempt a breakout above $0.177 or consolidate within the current range in the next 24 hours. Investors should closely monitor the 0.177 resistance and be cautious of potential volatility if a break does occur.