Market Overview for Filecoin/Tether (FILUSDT) on 2025-12-10

Summary
• Price declined from 1.595 to 1.488, forming bearish engulfing patterns near key resistance.
• Volume surged during the breakdown below 1.565, confirming bearish momentum.
• RSI dipped into oversold territory near 30, suggesting potential short-term bounce.
• Bollinger Bands widened as volatility increased, with price near the lower band.
• Fibonacci levels at 1.494 (38.2%) and 1.485 (61.8%) showed significant rejection and accumulation.

Filecoin/Tether (FILUSDT) opened at 1.57 on 2025-12-09 12:00 ET, reached a high of 1.595, and closed at 1.488 at 12:00 ET on 2025-12-10. The 24-hour volume was 6,604,627.09 and turnover was approximately $10,487,165.

Structure and Key Levels

The price action formed a bearish trend with multiple bearish engulfing patterns around 1.575–1.595. Notable support was identified at 1.545 and 1.515, with 1.485 acting as a strong short-term floor.

Moving Averages

On the 5-minute chart, the price closed below both 20 and 50-period moving averages, confirming the bearish bias. Daily moving averages were not directly calculated from the data provided but appear to have crossed bearishly.

Momentum and Volatility

Relative Strength Index (RSI) reached oversold levels below 30 during the final hours, suggesting potential short-term buying pressure. Bollinger Bands expanded significantly, with the closing price sitting near the lower band at 1.488. This indicates heightened volatility and a possible countertrend reaction.

Volume and Turnover

Volume spiked during the breakdown below 1.565 and again near the session low at 1.485, confirming bearish conviction. Turnover remained relatively stable through the decline, with no major divergences observed between price and volume.

Fibonacci Retracements

Fibonacci levels drawn from the 1.595 high to the 1.485 low identified key retracement levels at 1.544 (38.2%) and 1.515 (61.8%). Price showed rejection and consolidation at 1.494 and 1.485, suggesting these levels may act as pivot zones for near-term direction.

The market may experience a short-term bounce from the 1.485 level but appears to lack clear bullish conviction without a retest of the 1.52–1.54 range. Investors should monitor for a break of 1.485 as a potential continuation signal or a reversal attempt near the 1.50–1.51 cluster. As always, volatility remains high, and unexpected macro events could shift sentiment.