Market Overview for Filecoin/Tether (FILUSDT) on 2025-10-13

• Filecoin/Tether (FILUSDT) closed 1.66, down 0.18% in 24 hours, with moderate volatility and uneven volume distribution.
• Price formed multiple bullish and bearish candlestick patterns, with key support around 1.63–1.64 and resistance near 1.68–1.69.
• RSI signaled overbought conditions near 70 and oversold near 30 during the session, suggesting short-term momentum swings.
• Bollinger Bands widened after midday ET, reflecting rising volatility, while the 20-period MA crossed above the 50-period MA briefly.
• Turnover spiked above $1.0M twice in the early morning and late afternoon, but lacked follow-through in price.

FILUSDT opened at 1.623 at 12:00 ET–1 and reached a high of 1.691 before closing at 1.66 at 12:00 ET on 2025-10-13. Total volume amounted to 9,994,347.95 FIL, while notional turnover reached approximately $16.04M. Price action featured a bearish consolidation from 1.68–1.69 before finding support at 1.64–1.65 late in the session. A mix of bullish engulfing and bearish harami patterns appeared, with traders reacting to key levels in the 1.66–1.67 range.

Structure & Formations

Price found consistent support at the 1.64–1.65 level from 22:45 to 02:00 ET, forming multiple bullish reversal patterns. A bearish harami formed at 1.68–1.67 at 19:15 ET, while a bullish engulfing pattern at 20:15 ET failed to produce a strong breakout. The 1.66–1.67 range became a pivot zone, with price consolidating here for over 6 hours. No clear trend emerged, as the price drifted between 1.617 and 1.691, with no decisive breakouts from either end of the range.

Moving Averages

On the 15-minute chart, the 20-period moving average (20MA) briefly crossed above the 50-period MA in the early morning, forming a potential golden cross. However, the signal lacked conviction as the price failed to close above the 50MA by the close. On the daily chart, the 50-day MA sits at 1.648, with the 200-day MA at 1.665, suggesting that the 1.66 level is a key convergence zone. Price is currently trading near the 200-day MA, which may offer resistance or support depending on the direction of the next swing.

MACD & RSI

The MACD remained in negative territory for most of the session, with a brief histogram peak at 0.008 at 00:30 ET followed by a quick decay. RSI hit 70 near 1.68 at 20:15 ET, then dropped below 30 at 1.642 at 02:15 ET, suggesting overbought and oversold conditions occurred without strong follow-through. These divergences suggest traders were rotating in and out of FILUSDT, without forming a dominant directional bias.

Backtest Hypothesis

A backtest strategy based on the Bullish Engulfing pattern was intended, but the asset identifier “FILUSDT” could not be resolved by the data service. To proceed with the strategy, which involves buying FILUSDT upon a confirmed Bullish Engulfing signal and holding for 24 hours before selling, a valid ticker symbol (e.g., BINANCE:FILUSDT) or a manual list of signal dates would be required. Once validated, the backtest would evaluate the performance of this pattern from 2022-01-01 to 2025-10-13. This would include full statistics on win rate, average gain, maximum drawdown, and risk-reward ratio, providing insight into the practical viability of the pattern in FILUSDT trading.