Market Overview for FILUSDT: Strong Bullish Move into 24-Hour Close

• Price surged over 7.7% from 2.14 to 2.263, showing strong bullish momentum.
• Key resistance appears around 2.26–2.27, while support is near 2.24–2.25.
• High volume and turnover in the last 3 hours suggest intensified accumulation.
• RSI hit overbought territory, suggesting potential pullback risk ahead.
• Bollinger Bands widened significantly, indicating heightened volatility.

The Filecoin/Tether (FILUSDT) pair opened at 2.14 on 2025-10-01 12:00 ET − 1, reached a high of 2.269, and closed at 2.256 by 12:00 ET. The 24-hour total volume was approximately 5,863,064.5 units, with a notional turnover of $13,244,379.57. The price action reflects a sharp, sustained upward move driven by increased buying pressure, especially from 08:45 to 10:00 ET when a large bullish gap and strong candle formation indicated strong conviction.

The structure of the 24-hour candlestick chart reveals a series of bullish engulfing patterns and a strong breakout from a prior consolidation range. Key support levels appear at 2.24–2.25 and 2.22–2.23, with a potential rejection zone around 2.26–2.27. A doji formed near 2.273, hinting at a possible near-term pause in the rally. The 20-period and 50-period moving averages on the 15-minute chart are in steep bullish alignment, reinforcing the upward bias.

The RSI reached levels above 75 toward the end of the session, indicating overbought conditions and a potential short-term correction. The MACD line crossed above the signal line with increasing histogram bars, confirming the strength of the move. Bollinger Bands saw a significant expansion, with the price frequently reaching the upper band, pointing to heightened volatility. This suggests that traders should remain cautious about overextensions and look for potential pullback levels near the 2.24–2.25 area.

Volume and turnover spiked during the final three hours of the 24-hour period, with a large 15-minute candle forming around 08:45 ET when the price surged from 2.196 to 2.243. This spike in notional turnover was accompanied by a large increase in volume, confirming the strength of the move. However, a divergence appears as the price continued to rise while volume showed signs of tapering off in the final hour, suggesting that the rally may be running out of steam.

The 15-minute chart shows Fibonacci retracement levels indicating key potential pullback zones. The 61.8% retracement level aligns with 2.243, which may act as a short-term support. On the daily chart, the 50-day moving average currently sits below the price action, indicating a strong bullish bias. A breakdown below the 200-day MA could signal a longer-term shift, but for now, the momentum remains on the upside.