Market Overview: Flow/Tether (FLOWUSDT) – 24-Hour Price Action and Technical Dynamics

Summary
• Price fluctuated between $0.210 and $0.225 with key resistance at $0.218–$0.220.
• Volume surged late in the session, confirming a short-term pullback after midday consolidation.
• RSI hovered near neutral, suggesting a lack of strong momentum in either direction.
• A bearish engulfing pattern emerged at $0.220–$0.218, signaling potential downward pressure.
• Bollinger Bands showed a recent expansion, indicating rising volatility.

24-Hour Price and Volume Summary

At 12:00 ET on 2025-12-08, Flow/Tether (FLOWUSDT) opened at $0.221, reached a high of $0.225, and closed at $0.216, having traded as low as $0.210 during the session. The 24-hour volume amounted to approximately 10,180,000 tokens, with a total notional turnover of around $2,199,000.

Structure and Trend Behavior

The price moved within a defined range, with resistance forming at $0.218–$0.220 and support at $0.214–$0.216. A bearish engulfing pattern developed after the price tested the upper boundary of this range, suggesting that bears may have taken control. The 5-minute chart showed a consolidation phase in the morning, followed by a breakout and pullback in the late afternoon.

Momentum and Volatility Signals

MACD remained in neutral territory, with no clear bullish or bearish divergence. RSI oscillated between 45 and 55, indicating a lack of strong momentum.

Bollinger Bands showed a recent expansion, suggesting increased volatility. Volatility appears to have shifted from contraction (midday) to expansion (late session), reinforcing the potential for a directional move.

Volume and Turnover Analysis

Volume spiked significantly during the late afternoon and evening hours, coinciding with the breakdown below $0.218 and subsequent consolidation. Notional turnover followed a similar trend, confirming the price action. Divergence was not observed between volume and price during the 24-hour period, which supports the validity of the recent price decline.

Key Retracement Levels and Projections

Fibonacci retracement levels for the most recent 5-minute swing showed 38.2% at $0.216 and 61.8% at $0.211. On the daily chart, the 61.8% level aligns with $0.213, which now appears to be a critical support zone.

The market may test this support in the next 24 hours if bearish momentum continues, but a sustained rebound above $0.218 could trigger renewed buying interest. Investors should remain cautious due to elevated volatility and mixed momentum signals.