Market Overview for Filecoin/Tether (FILUSDT) – 24-Hour Summary

Summary
• Price tested 1.545 resistance and dropped to 1.454 support, forming bearish reversal patterns late in the session.
• Volume surged near key levels, confirming bearish momentum as RSI entered oversold territory.
• Volatility expanded in the last 10 hours, with price staying below 20-period and 50-period moving averages.

Filecoin/Tether (FILUSDT) opened at 1.516 on 2026-01-07 12:00 ET, hit a high of 1.545, fell to a low of 1.454, and closed at 1.475 by 12:00 ET on 2026-01-08. The pair saw a total volume of 16,170,289.19 and a turnover of 23,463,947.58 USDT over the 24-hour window.

Structure & Moving Averages

Price broke above the 1.53 resistance but failed to sustain the move, retreating to test the 1.47–1.48 support range. The 20- and 50-period moving averages on the 5-minute chart remained above the current price, suggesting bearish bias. On the daily chart, price remains below the 50-, 100-, and 200-period moving averages, indicating a broader downtrend.

Momentum and Volatility

The RSI dipped into oversold territory near 30 by the close, hinting at potential near-term buying interest. MACD remained in negative territory with a shrinking histogram, signaling weakening bearish momentum. Volatility expanded sharply in the latter half of the session, with Bollinger Bands widening, especially as price traded near the lower band.

Volume and Turnover Analysis

Volume surged near key levels, including at 1.545 and 1.454, confirming breakdown and breakout attempts. Turnover aligned with volume, showing no divergence. A bearish engulfing pattern formed near 1.516–1.515, while a potential bullish hammer emerged at 1.454–1.457, suggesting short-term stabilizing pressure.

Fibonacci Retracements

The 1.545–1.454 move saw price testing the 61.8% retracement level at 1.503, then falling to the 1.468–1.470 38.2% level. A failure to retest the 50% level (1.499) suggests bearish continuation unless buyers step in above 1.505.

Price may test near-term support at 1.46–1.47 and resistance at 1.50–1.51 in the next 24 hours. Investors should remain cautious as volatility remains elevated, and a sustained break below 1.46 could trigger deeper corrective moves.