Market Overview: Filecoin (FILUSDT) 24-Hour Technical Analysis

• Filecoin (FILUSDT) traded in a tight range for most of the day before breaking out to new 24-h highs near $2.55.
• A bullish engulfing pattern formed late morning ET as buying pressure accelerated.
• RSI reached overbought territory near 75 by late ET, suggesting potential near-term reversal.
• Bollinger Bands expanded significantly midday, indicating rising volatility and trend strength.
• Volume surged in the final 4 hours, with total turnover exceeding $6 million as longs pushed past key resistance.

Filecoin (FILUSDT) opened at $2.542 on 2025-08-14 at 12:00 ET, reaching a high of $2.55 and a low of $2.453, closing at $2.427 by 12:00 ET the following day. Total volume for the 24-hour window was ~12.1 million FIL, while notional turnover was approximately $30.8 million.

Structure & Formations

The 15-minute chart displayed a clear bullish breakout from a descending wedge, culminating in a bullish engulfing pattern during the early ET session. Key support levels were identified around $2.47–$2.49, which held twice during intraday pullbacks. Resistance at $2.55 was briefly pierced but lacked follow-through, suggesting a potential consolidation phase.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart crossed above the 2.50–2.52 range late morning ET, confirming a short-term uptrend. Daily chart indicators (50/100/200) show FILUSDT above all major averages, with the 200-day MA sitting at ~$2.35. Price has shown strong directional momentum in the short term but remains within a larger bullish trend.

MACD & RSI

MACD showed a bullish crossover at the start of the ET trading session, with the histogram expanding as bullish momentum increased. RSI hit overbought levels at 75 by late ET, which may suggest a potential pullback. However, divergence between RSI and price was not observed, indicating the uptrend could persist for at least one more session.

Bollinger Bands

Bollinger Bands expanded significantly between 04:00 and 10:00 ET, suggesting a rise in volatility. Price remained above the 20-period moving average and frequently touched the upper band, confirming strong bullish participation. A contraction in band width is now needed to signal a potential reversal.

Volume & Turnover

Volume surged in the final 4 hours of the 24-hour window, with a final 15-minute candle printing 127,996 FIL in volume and a high of $2.434. Turnover was also elevated in the 15-minute chart, particularly around $2.48–2.52, where FILUSDT saw repeated accumulation. Divergence was not observed between price and volume, indicating confirmation of the bullish move.

Fibonacci Retracements

On the 15-minute chart, the 38.2% and 61.8% Fibonacci retracement levels aligned with key price clusters at $2.50 and $2.52, respectively. These levels acted as dynamic support/resistance during the consolidation phase. On the daily chart, the 61.8% retracement of the larger bullish wave is at ~$2.45, which FILUSDT briefly tested in the last hour of the session.

FILUSDT appears to be in a consolidation phase following a strong rally, with the potential for a test of the $2.40–2.42 support range in the next 24 hours. Traders should remain cautious of a potential overbought reversal, especially if RSI fails to break 80 or if volume cools significantly. A failure to hold above $2.45 could signal a deeper correction.