Market Overview for Filecoin/Tether (FILUSDT): 24-Hour Review

Summary
• Price formed a bullish engulfing pattern near 1.306-1.309 and tested resistance at 1.345-1.352.
• RSI remained in balanced territory, but momentum slowed above 1.35.
• Volatility expanded as Bollinger Bands widened, with price testing the upper band.
• Turnover increased sharply during the final hours, confirming the 1.345-1.352 move.
• 50-period moving average on 5-min chart aligned with key support at 1.334-1.336.

Filecoin/Tether (FILUSDT) opened at 1.306 and traded between 1.303 and 1.353 before closing at 1.347. Total 24-hour volume was 2,500,469.6 and turnover reached $3,345,537.

Structure & Moving Averages

Price action on the 5-minute chart showed a clear shift in momentum from bearish to bullish, especially after the 00:15 ET timeframe. A bullish engulfing pattern emerged near 1.306–1.309, followed by a test of key resistance at 1.345–1.352.

The 50-period moving average on the 5-minute chart aligned closely with a support zone at 1.334–1.336, where the price found a temporary floor.

Momentum and Volatility

Relative Strength Index (RSI) remained within balanced territory throughout, though it showed signs of slowing as the price approached 1.35. Bollinger Bands expanded in the final 6 hours, indicating rising volatility. Price briefly touched the upper band, suggesting a short-term overbought condition but not a reversal signal. MACD crossed above zero late morning and remained in positive territory, confirming the bullish thrust.

Volume and Turnover

Volume spiked sharply in the last 4 hours, especially between 16:00 and 17:00 ET, as price pushed above 1.35. Notional turnover confirmed the strength of this move, suggesting institutional or larger retail participation. Divergence between price and turnover was not observed, supporting the idea of a genuine breakout attempt.

Fibonacci and Key Levels

Recent 5-minute swings suggest key Fibonacci retracement levels at 1.334 (38.2%), 1.341 (50%), and 1.346 (61.8%). These levels correspond to observed areas of consolidation and renewed buying pressure. On the daily chart, 1.336 and 1.351 appear as potential psychological thresholds for either continuation or correction.

Looking ahead, FILUSDT may consolidate near 1.347 before attempting to retest the 1.351-1.352 resistance cluster. A break above that could trigger a test of the 1.360 level, while a pullback to 1.341 could see renewed buying. Investors should remain cautious of potential volatility if macroeconomic sentiment shifts overnight.