Market Overview for Filecoin/Tether (FILUSDT) on 2026-01-05

Summary
• Price rallied from $1.47 to $1.654 amid high-volume buying in the afternoon.
• Key resistance appears near $1.52–1.53, with support identified at $1.49–1.48.
• RSI and MACD indicate strong upward momentum, though overbought conditions may trigger pullbacks.
• Volatility expanded significantly, with Bollinger Bands widening after midday.
• Large-volume candle formations suggest strong short-term bullish sentiment.

Filecoin/Tether (FILUSDT) opened at $1.478 on 2026-01-04 at 12:00 ET and closed at $1.59 on 2026-01-05 at 12:00 ET, with a high of $1.654 and a low of $1.47. Total volume reached 11,855,416.73, and notional turnover amounted to $17,341,486.76 over the 24-hour period.

Structure & Formations

Price action displayed a strong bullish impulse from $1.47 to $1.654, marked by a large-volume bullish engulfing pattern after 15:30 ET. A key resistance appears near $1.52–1.53, where the price previously stalled and corrected. A notable support level forms at $1.49–1.48, as seen in the early morning pullback.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs are both bullish, with price above both. On the daily chart, FILUSDT is above the 50-, 100-, and 200-period SMAs, indicating continued medium-term bullish bias.

MACD & RSI

The MACD crossed above the signal line during the early afternoon surge, confirming bullish momentum. RSI reached overbought territory above 70, suggesting potential for a near-term pullback. However, as long as RSI remains above 50, bullish bias remains intact.

Bollinger Bands

Volatility expanded sharply during the afternoon rally, with Bollinger Bands widening significantly. Price traded near the upper band during the peak at $1.654, suggesting heightened bullish momentum but also a potential point of exhaustion.

Volume & Turnover

Volume spiked in the afternoon session, with the 15:30–16:00 ET period showing the highest turnover. Price and volume moved in tandem, confirming the strength of the rally. No significant divergence is observed, suggesting continuation of the bullish trend is likely in the short term.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from $1.47 to $1.654, the 61.8% retrace level is near $1.57, a level that briefly saw a test before resuming the upward move. On the daily chart, a 61.8% retracement of a prior bearish move aligns with the current support zone at $1.47–1.48.

Looking ahead, FILUSDT appears to have strong upside momentum, with key resistance at $1.53–1.54. A break above this range could trigger further gains toward $1.58–1.60. However, a reversal from overbought RSI levels or a breakdown below $1.50 could bring a correction, increasing the risk of a test of the $1.47–1.48 support zone. Investors should monitor volume and RSI for signs of exhaustion or continuation.