Market Overview for Flow/Tether USDt (FLOWUSDT)

• Price surged 3.1% in 24 hours, driven by bullish momentum in late ET trading.
• RSI suggests overbought conditions, with price near 15-minute high of $0.418.
• Volatility expanded late in the session, with volume spiking above $140k at peak.
• Key support at $0.408 and resistance at $0.418 defined intraday range.
• Bollinger Bands show a recent expansion, signaling increasing short-term uncertainty.

The Flow/Tether USDt (FLOWUSDT) pair opened at $0.403 on 2025-09-09 12:00 ET and surged to a 24-hour high of $0.418 by 13:15 ET. The price closed at $0.418 on 2025-09-10 12:00 ET after reaching an intraday low of $0.401. Total volume for the 24-hour period was 1,767,210.2 FLOW, with notional turnover of $734,413.60.

Structure & Formations

FLOWUSDT displayed a clear bullish trend after 02:00 ET, with a strong push from $0.406 to $0.418 in 90 minutes. A strong bullish engulfing pattern formed on the 15-minute chart at 13:15 ET. A doji at 15:45 ET suggested a momentary consolidation phase. Key support levels emerged at $0.408 and $0.406, while resistance solidified at $0.418 and $0.413.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish crossover early in the session, confirming the upward momentum. The 50-period moving average has now crossed above the 100-period line on the daily chart, signaling a continuation of the bullish trend. The price has remained above all major moving averages for most of the session, suggesting strong short- and mid-term buying interest.

MACD & RSI

The MACD crossed above the zero line in late ET, forming a strong bullish signal. The histogram expanded significantly as the price surged toward $0.418, reinforcing the bullish momentum. RSI reached overbought territory, peaking at 76 on the 15-minute chart, suggesting potential near-term consolidation or a retracement.

Bollinger Bands

Volatility expanded significantly from 02:00 to 04:00 ET, with the Bollinger Bands widening to their widest point of the session. The price traded near the upper band for much of the session before settling slightly below it at $0.418. The lower band acted as a temporary support level at $0.406 to $0.408. A contraction in band width is expected if the price consolidates in the next 24 hours.

Volume & Turnover

Volume spiked dramatically at 13:15 ET and again at 14:15 ET, coinciding with key price moves above $0.413 and $0.416. The total notional turnover reached $734,413.60 for the 24-hour period, with the most intense activity concentrated between 02:00 and 04:00 ET. Price and volume action aligned positively, with no significant divergence observed in the last 4 hours.

Fibonacci Retracements

A recent 15-minute swing from $0.401 to $0.418 shows a 61.8% retracement at $0.411, which held briefly but failed to contain the upward move. On the daily chart, the 38.2% Fibonacci level at $0.409 acted as a temporary support before the price rebounded. Traders should watch for possible bounces or breakdowns near $0.411 and $0.409 in the next 24 hours.

Backtest Hypothesis

Based on the observed bullish momentum, strong volume confirmation, and resistance at $0.418 being broken, a backtesting strategy could be built using a breakout model: entering long on a close above $0.413 with a stop loss below $0.408 and a target at the next Fibonacci extension level of $0.422. This setup aligns with the strong 15-minute and daily indicators, including the bullish MACD crossover and RSI divergence. A backtest over historical 15-minute data would be ideal to validate the strategy's robustness before deployment.