Market Overview for Flow/Tether (FLOWUSDT)

Summary
• Price surged above 0.093 amid strong volume, forming bullish engulfing patterns.
• RSI suggests overbought conditions, hinting at potential pullback.
• Bollinger Bands show expanding volatility as price nears the upper band.
• Notional turnover spiked above $440k, confirming strong buying pressure.
• Key resistance at 0.094–0.095 may face retests ahead.

Flow/Tether (FLOWUSDT) opened at 0.09 on 2026-01-06 12:00 ET and closed at 0.095 by 2026-01-07 12:00 ET, reaching a high of 0.104 and a low of 0.087. Total traded volume was 23,584,230.05 with a notional turnover of $2,117,270.55.

Structure & Formations

Price action displayed a bullish breakout with a confirmed bullish engulfing pattern at 0.093–0.094, supported by strong volume. A doji formed near 0.092, suggesting consolidation. Key support levels include 0.091 and 0.089, with resistance clustering between 0.094 and 0.095.

Moving Averages and Fibonacci

The 20-period and 50-period moving averages on the 5-minute chart were bullish, with price above both. Daily MAs showed a mixed bias, suggesting a potential retest of the 50-day MA for direction. Fibonacci levels from the major swing (0.087–0.104) point to potential support at 0.096 (38.2%) and 0.093 (61.8%).

Momentum and Volatility

RSI reached overbought territory near 75, indicating potential for a near-term pullback. MACD showed a strong positive crossover with a rising histogram, affirming bullish momentum. Bollinger Bands expanded as price approached the upper band, signaling heightened volatility.

Volume and Turnover

Volume surged significantly between 10:45 AM and 11:30 AM ET, coinciding with a strong upward move to 0.104. Notional turnover increased in tandem with price, suggesting strong conviction in the upward move. A divergence in volume is visible as price consolidates, which may foreshadow a reversal or pause in momentum.

Price appears to be entering a critical test of 0.095–0.097. A break above this range could open the path to 0.102–0.105, while a pullback to 0.091–0.092 may confirm a consolidation phase. Investors should monitor for signs of overbought conditions and volume shifts in the next 24 hours.