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Summary
• Price formed a bullish engulfing pattern near 1.452–1.455, signaling potential short-term strength.
• RSI moved into overbought territory near 70, indicating possible near-term profit-taking.
• Volatility expanded after a consolidation period, with Bollinger Bands widening post 06:45 ET.
• Turnover surged during the 06:45–09:15 ET window, confirming bullish momentum.
• 50-period moving average on 5-min chart acted as dynamic support during pullbacks.
Filecoin/Tether (FILUSDT) opened at 1.448 on 12/07, reached a high of 1.529, and closed at 1.504 as of 12:00 ET on 12/08, with a 24-hour volume of ~1,589,000 FIL and a notional turnover of ~$2,397,000.
Structure & Moving Averages
The price moved above its 50-period moving average on the 5-min chart, suggesting a short-term bullish bias.

Momentum & Volatility
RSI climbed to 70 around 09:15 ET, suggesting overbought conditions. MACD crossed above the signal line during a strong rally from 06:45 to 09:15, confirming bullish momentum. Bollinger Bands expanded during this rally, indicating a potential breakout or continuation phase.
Volume & Turnover
Volume spiked during the 06:45–09:15 ET period, coinciding with the move from 1.504 to 1.529. Turnover increased in tandem, showing aligned price and volume action. A divergence appears during the 15:00–16:30 ET pullback, where volume weakened despite price declining.
Fibonacci Retracements
Key retracement levels from the 1.448–1.529 swing suggest a potential correction to 1.483 (38.2%) or 1.467 (23.6%). On daily charts, a 61.8% retracement from the prior major high could act as resistance near 1.550.
Looking ahead, FILUSDT appears to have room for a continued push higher, particularly if it remains above 1.490. However, short-term profit-taking or consolidation near 1.515–1.520 could occur, especially if volume does not confirm further strength. Investors should monitor for a break below 1.485 as a sign of short-term bearish momentum.
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