Market Overview for Filecoin/Tether (FILUSDT) on 2025-09-18

• Price action showed a bullish reversal pattern late in the session following a mid-day dip.
• Momentum, as measured by RSI, remained in overbought territory, signaling potential for short-term pullbacks.
• Volatility increased with strong volume expansion after 19:00 ET, coinciding with a key resistance breakout.
• Bollinger Bands widened after a consolidation phase, indicating renewed directional bias.
• Turnover spiked by over 125% during the final 2 hours, confirming price momentum.

Filecoin/Tether (FILUSDT) opened at $2.477 on 2025-09-17 at 12:00 ET, reached a high of $2.588, and closed at $2.557 on 2025-09-18 at 12:00 ET, with a low of $2.463. Total 24-hour volume amounted to 7.3 million FIL, with a notional turnover of $18.75 million, reflecting strong market participation.

Structure and formations on the 15-minute chart revealed a distinct bullish reversal pattern after a mid-day dip below $2.50. A long upper shadow on the candle ending at $2.47 followed by a strong rally into resistance at $2.583 confirmed a rejection of bearish pressure. A key resistance level formed at $2.583–2.588, coinciding with a Fibonacci 61.8% retracement of the prior day’s range. A bearish doji formed near the peak at $2.583, hinting at short-term indecision.

Moving averages showed the 20-period and 50-period SMAs on the 15-minute chart intersecting in a golden cross during the afternoon, reinforcing the bullish tilt. On the daily chart, the 50-period SMA provided a dynamic support level just below $2.50, while the 200-period SMA acted as a critical long-term reference, currently at $2.48.

Momentum as measured by RSI remained in overbought territory for much of the session, peaking at 72. This suggests potential for a pullback, though the strong volume and lack of bearish divergence indicate bulls could extend the rally. MACD crossed above zero in the morning and showed widening positive bars, affirmating bullish momentum. Bollinger Bands widened in the evening following a contraction between 18:00 and 20:00 ET, with prices closing near the upper band, signaling a high-volatility breakout.

Volume and turnover surged after 19:00 ET, coinciding with the breakout above $2.58. Turnover expanded by over 125% during the final two hours of the session, validating the move. No significant divergence between price and turnover was observed, suggesting the bullish bias remains intact.

Fibonacci retracement levels provided key reference points during the session. The 38.2% level at $2.52 and the 61.8% level at $2.583 were particularly relevant. Price held above the 38.2% level for most of the session and found resistance at the 61.8% level, where the doji and consolidation occurred.

Backtest Hypothesis
A viable strategy could involve entering long positions upon a breakout above the 61.8% Fibonacci level, confirmed by volume expansion and a bullish candlestick pattern such as a hammer or morning star. A trailing stop could be placed just below the 38.2% level to capture potential upside while managing downside risk. This approach aligns with the observed structure and momentum, with the RSI and MACD providing confirmation signals.