Filecoin/Tether (FILUSDT) Market Overview: Volatile 24-Hour Move and Key Resistance in Focus

• Price rose from 2.274 to a high of 2.377 before consolidating near 2.37–2.38.
• Volatility increased as Bollinger Bands expanded and volume surged during the breakout.
• RSI suggests overbought conditions, with momentum slowing after the peak.
• Key support levels at 2.358–2.36 and resistance at 2.376–2.381 are currently in play.
• A bearish divergence appears in the latter part of the day, signaling potential short-term pullback.

FILUSDT opened at 2.274 on 2025-10-04 at 12:00 ET, reached a high of 2.377, and closed at 2.37 at 12:00 ET on 2025-10-05. Total 24-hour volume was 6,055,716.74 FIL, and notional turnover amounted to $14,703,423. The pair demonstrated a clear bullish bias early, but momentum appears to be weakening in the afternoon.

Structure and key levels show a strong breakout from the 2.306–2.34 consolidation range, with 2.36–2.37 acting as immediate support and 2.376–2.381 as critical resistance. Notable candlestick patterns include a bullish engulfing pattern around 2025-10-05 02:45 ET and a bearish evening star forming in the final hours. A doji around 2025-10-05 09:00 ET suggests indecision.

Moving averages show the 20-period and 50-period lines rising sharply, confirming the uptrend. The 50-period line crossed above the 20-period line, signaling strength in the 15-minute chart. On the daily timeframe, the 50-period SMA is trending upward, supporting a continuation of the bullish move. The 200-period line remains well below the current price, indicating a strong breakout.

MACD turned positive and showed a healthy histogram, confirming rising momentum early in the session. However, a bearish divergence appears in the late afternoon, suggesting a potential slowdown. RSI pushed into overbought territory near 78 in the morning, but it has since pulled back, indicating a possible correction ahead. Bollinger Bands have widened significantly, reflecting increased volatility, with price currently trading near the upper band.

Volume spiked during the breakout phase, confirming the strength of the move, and remained elevated through the morning. However, a decline in volume during the afternoon suggests reduced conviction among buyers. Notional turnover aligned with volume patterns, showing strong participation during the key price action periods. A divergence between price and turnover in the late hours may signal a potential reversal.

Fibonacci retracement levels for the 15-minute swing show 2.358 (61.8%) and 2.365 (50%) as key supports, with 2.376 (38.2%) acting as a critical resistance level. On the daily chart, the 2.36–2.37 level corresponds to the 50% Fibonacci retracement of the recent bearish move, making it a probable area of consolidation or reversal.

Backtest Hypothesis: A strategy could be developed using the 50-period SMA as a trigger, with long positions entered when price closes above it, and stop-loss placed at the recent swing low of 2.352. A take-profit target could be set at the next Fibonacci level at 2.376. The recent bearish divergence in RSI and the declining volume suggest caution in holding longs beyond the next 24 hours. A trailing stop could be considered after a 50-pip move to lock in gains.