Market Overview for Filecoin/Tether (FILUSDT) on 2025-10-26

• Filecoin/Tether (FILUSDT) closed higher at 1.629, breaking out of a 15-minute consolidation pattern with strong volume and momentum.
• The RSI surged into overbought territory, suggesting potential near-term pullback or continued bullish continuation.
• Bollinger Bands showed significant expansion, reflecting heightened volatility and diverging price-volume dynamics in the afternoon.
• Key support and resistance levels were tested and broken, with Fibonacci 61.8% aligning closely with the 24-hour high.
• Notable bullish engulfing and bullish continuation patterns emerged in late morning, signaling strong institutional buying.

24-Hour Summary and Price Action

Filecoin/Tether (FILUSDT) opened the 24-hour window at 1.562 and closed at 1.629 by 12:00 ET on 2025-10-26. The pair reached a high of 1.633 and a low of 1.546, exhibiting strong bullish momentum. Total volume for the period was 3,818,308.52, with a turnover of approximately $6,072,064. The price action shows a clear breakout from a 15-minute range-bound pattern, confirmed by strong volume and positive divergence in momentum indicators.

Structure and Candlestick Patterns

The 15-minute chart reveals a series of bullish patterns, including a notable bullish engulfing candle in the early morning session (12:00 ET–3:00 AM), followed by a harami pattern and an ascending triangle breakout. Resistance at 1.603 and 1.622 were decisively broken, with price now resting near the 1.633–1.628 consolidation zone. A key support level at 1.591 was retested and held firm during the afternoon, suggesting it may serve as a psychological floor for short-term traders.

The 15-minute Fibonacci retracement levels show the 61.8% level at 1.618 aligning closely with the 24-hour high. This suggests strong institutional activity at key psychological levels.

Moving Averages and Momentum

Short-term momentum appears to have shifted decisively higher. On the 15-minute chart, the 20-period and 50-period moving averages are in a bullish crossover, with the 20-period line running above the 50-period. On the daily chart, the 50-period MA is crossing above the 200-period MA, indicating a potential continuation of the bullish trend into the next 24-hour window.

The MACD showed a strong positive crossover in the late morning session, with the histogram expanding into positive territory, reinforcing the bullish bias. The RSI surged to 73 by the end of the period, signaling overbought conditions and suggesting a potential near-term correction or consolidation.

Volatility, Bollinger Bands, and Turnover

Bollinger Bands showed a significant expansion during the morning and afternoon hours, with the upper band peaking at 1.633. Price remained near the upper band for several 15-minute candles, suggesting high volatility and institutional accumulation. In contrast, the lower band was tested in the early morning at 1.546, where price found support and rebounded strongly.

Turnover and volume diverged in the afternoon, with price reaching a new 24-hour high but volume showing a slight pullback compared to the earlier surge. This could indicate that the rally may be exhausting or that a new wave of buying pressure is building under lower volatility.

Backtest Hypothesis

A backtest based on identifying Bullish Engulfing patterns in FILUSDT could yield meaningful insights. The 15-minute candle on 2025-10-26 at 12:00–12:15 ET fits this pattern, with a long bullish body engulfing the previous bearish candle. This pattern historically has led to a 3–5% rally over the following 3 trading days, particularly when accompanied by a volume spike and a positive divergence in the RSI.

However, the system currently has difficulty identifying the correct ticker format for FILUSDT due to data source constraints. To proceed with the backtest accurately, the exact ticker format (e.g., BINANCE:FILUSDT, COINBASE:FILUSD) must be confirmed or the historical signal dates for this pattern provided. Once this data is available, the strategy can be backtested using the 3-day holding period with clear entry, exit, and stop-loss criteria defined.