Summary
• Price surged above key resistance at 1.300, capped at 1.474 before consolidating near 1.465.
• Momentum remained strong with RSI above 65 and MACD in bullish territory.
• Volatility expanded as Bollinger Bands widened, with turnover spiking to $3.99M.
• Volume confirmed strength in rally phase, with no major divergences observed.
• 50-period MA crossed 20-period MA on 5-min chart, signaling short-term bullish bias.
Filecoin/Tether (FILUSDT) opened at 1.301 on 12:00 ET − 1 and surged to a 24-hour high of 1.485, with a low of 1.265 and closed at 1.465. Total volume reached 14,985,548.20 FIL, and turnover was $3,996,811.99.
Structure & Formations
FILUSDT broke out above the 1.300 psychological level and tested 1.399 before rallying to a 24-hour high of 1.485. A strong green candle on 5-min chart at 14:00 ET-1 (120000) confirmed bullish momentum. Resistance clusters formed around 1.490–1.515, while support held at 1.395 and 1.365 on Fibonacci retracements.
Moving Averages and MACD/RSI
The 20-period and 50-period MAs on the 5-min chart crossed to bullish alignment, with MACD trending higher and RSI staying above 65 for much of the session, indicating sustained buying pressure. While overbought levels were reached, divergence was not observed.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly during the rally, with price moving from the lower band to near the upper band, signaling increasing volatility. The consolidation after the high of 1.485 suggests a potential pause, but the wide band remains a sign of dynamic market conditions.
Volume and Turnover
Volume spiked during the 140000–153000 ET-1 (120000–150000) window, coinciding with the sharp price rise from 1.398 to 1.485. Notional turnover surged to a 24-hour peak of $1.18 million at 140000, aligning with price confirmation.
Outlook and Risk
The breakout above 1.300 and consolidation near 1.465 suggest continued bullish sentiment in the short term. A test of 1.515–1.532 could follow, with 1.395 as a key support to watch. Investors should remain cautious of a pullback if volume weakens and RSI dips below 50, which could trigger a retest of key levels.
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