Market Overview: Filecoin/Tether (FILUSDT) 24-Hour Price and Market Behavior

Summary
• Price tested key resistance near 1.525–1.530 during a late-night rally before consolidating below 1.530.
• RSI signaled overbought conditions around 1.550 but failed to confirm strong continuation.
• Volume surged during the 02:45–03:00 ET window, matching a sharp 1.550–1.540 pullback.
• Bollinger Bands showed expansion during the 02:30–05:00 ET rally, followed by a contraction into consolidation.
• A bearish engulfing pattern formed near 1.536, potentially signaling short-term bearish momentum.

Filecoin/Tether (FILUSDT) opened at 1.509 on 2026-01-15 at 12:00 ET, reaching a high of 1.569 and a low of 1.461, closing at 1.514 on 2026-01-16 at 12:00 ET. Total volume amounted to 12.59 million FIL, with notional turnover of 18.93 million USD.

Structure & Formations

The 24-hour price action showed a volatile range between 1.461 and 1.569, with the 1.525–1.530 level acting as a key resistance. A bearish engulfing pattern formed near 1.536 during early morning consolidation, while a small doji at 1.502–1.504 in the early hours of 01:45–02:00 ET suggested indecision in the market.

Moving Averages

On the 5-minute chart, price closed near the 20- and 50-period SMAs, indicating short-term equilibrium. For daily charts, the 50- and 100-period SMAs were closely aligned near 1.505, with the 200-day SMA acting as a broad support.

MACD & RSI

The MACD crossed into bearish territory after the 03:00–04:00 ET rally, suggesting waning momentum. RSI peaked near 69 during the 02:45–03:00 ET surge and declined into neutral territory, indicating a potential correction ahead.

Bollinger Bands

Volatility expanded during the 02:30–05:00 ET rally, pushing price near the upper band, followed by a contraction into a narrow range between 1.510 and 1.525. This suggests reduced volatility and potential consolidation ahead.

Volume & Turnover

Volume spiked significantly during the 02:45–03:00 ET rally (568k FIL), aligning with the price high of 1.566. However, subsequent bearish volume during the 03:15–03:45 ET pullback indicated strong selling pressure. Notional turnover also spiked in those periods, confirming the significance of the rally and the following sell-off.

Fibonacci Retracements

Applying Fibonacci levels to the 1.461–1.566 move revealed key retracement levels at 38.2% (~1.515) and 61.8% (~1.500). Price consolidation near 1.514–1.515 suggests a potential short-term base ahead of a possible retest of 1.500 support.

Looking ahead, FILUSDT may face renewed bearish pressure if it fails to break above 1.525–1.530 resistance and confirms a breakdown with closing action below 1.500. Investors should also watch for potential divergence in RSI during any rally.