Market Overview: Flow/Tether (FLOWUSDT) 24-Hour Movement

Summary
• Price consolidated between $0.194–$0.198 after an early rally, now trending lower.
• Volume spiked during sharp declines, suggesting bearish conviction.
• RSI near oversold levels, hinting at potential for a rebound.
• Bollinger Bands show narrowing volatility before recent breakouts.
• A key support at $0.193 tested, with a potential 61.8% Fibonacci level ahead.

Market Overview

At 12:00 ET on 2025-12-14, Flow/Tether (FLOWUSDT) opened at $0.196 and traded between $0.193 and $0.198 over the previous 24 hours, closing at $0.193 by 12:00 ET. Total volume reached 1.38 million, with a notional turnover of approximately $270,000.

Structure & Formations

Price formed a bearish continuation pattern after testing resistance at $0.198 multiple times. A doji near $0.196 indicated indecision, while a sharp bearish engulfing pattern emerged around $0.197 to $0.193.

Key support at $0.193 was confirmed during the final 5-minute interval.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages remained bearish, with price below both. On the daily chart, the 200SMA appears to form a medium-term support zone near $0.194–$0.196.

Momentum and Volatility

MACD turned negative with bearish divergence, reinforcing the downward bias. RSI fell to 30–35 in the oversold range, suggesting potential for a short-term rebound. Bollinger Bands displayed a contraction before the last hour, followed by an expansion during the sell-off.

Volume and Turnover

Volume increased sharply during the final 1.5 hours of the 24-hour window, with turnover confirming the downward move. A divergence between price and volume was observed during the early rally from $0.196–$0.198, suggesting weak conviction.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level lies around $0.189–$0.190, which could act as a near-term target for bearish continuation. On the 5-minute chart, retracement levels from the $0.193–$0.198 swing suggest $0.195 as a potential pivot zone.

Looking ahead, traders may watch for a test of $0.190 as a potential trigger for further momentum. A reversal above $0.196 could signal a temporary pullback, but bearish momentum remains intact. Investors should be cautious of potential volatility and sudden reversals in the next 24 hours.