Market Overview for Filecoin/Tether USDt (FILUSDT) – 2025-09-06

• Price fluctuated between $2.30 and $2.35, with a 24-hour range of 2.13%.
• RSI hovered near neutral levels, with no clear overbought or oversold signals.
• Volume surged above average, particularly in the early hours of trading.
• A bearish engulfing pattern appeared near $2.32, hinting at potential reversal.
• Bollinger Bands expanded during the Asian session, indicating rising volatility.

• Price fluctuated between $2.30 and $2.35, with a 24-hour range of 2.13%.
• RSI hovered near neutral levels, with no clear overbought or oversold signals.
• Volume surged above average, particularly in the early hours of trading.
• A bearish engulfing pattern appeared near $2.32, hinting at potential reversal.
• Bollinger Bands expanded during the Asian session, indicating rising volatility.

2025-09-06 FILUSDT 24-Hour OHLCV Chart

2025-09-06 FILUSDT 24-Hour OHLCV Chart

The Filecoin/Tether USDt pair (FILUSDT) opened at $2.323 on 2025-09-05 at 12:00 ET and closed at $2.319 on 2025-09-06 at 12:00 ET. The 24-hour high was $2.355, and the low was $2.302. Total volume traded was 3,185,935.19 FIL, with a notional turnover of approximately $7,478,620.53.

Structure & Formations

FILUSDT saw a bearish engulfing pattern at $2.32–$2.325, suggesting a short-term reversal after a bullish breakout earlier in the day. A strong support level was identified at $2.315, with price testing it twice and bouncing back. Resistance levels formed at $2.33–$2.335, where price failed to close above. The formation of a doji at $2.314 during the afternoon ET session may indicate a consolidation phase.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed during the early hours of the morning, forming a bearish crossover. The 20-period MA remained above the 50-period MA until midday, suggesting a weakening bullish trend. On the daily chart, the 50-period MA (calculated from prior days not included) appears above the 100-period and 200-period MAs, but the 50-period MA showed a slight pullback during the 24-hour window, indicating potential bearish pressure.

MACD & RSI

The MACD histogram remained mixed but showed bearish divergence during the late hours of the morning, with price hitting new highs but the MACD line declining. RSI oscillated between 50 and 58 for most of the session, avoiding overbought or oversold extremes. A slight bearish divergence was noted in the latter half of the session as price failed to exceed prior highs while RSI declined.

Bollinger Bands

Volatility was notably higher during the Asian and early European sessions, as evidenced by the wide Bollinger Bands. Price tested the upper band at $2.355 and the lower band at $2.302, showing a high-degree of volatility. Price remained within the bands throughout, with the middle band trending slightly downward, reinforcing bearish sentiment.

Volume & Turnover

Volume surged during the early morning hours of the 24-hour period, with over 159,000 FIL traded in a single candle. Turnover spiked during this time as well, with a notable volume-to-price divergence observed in the late morning as price fell while volume continued to rise. This divergence could signal increased distribution or profit-taking from short-term traders.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $2.314 to $2.355, the 38.2% retracement level sits at $2.337 and the 61.8% at $2.323. Price tested both levels during the session, with the 61.8% level showing strong resistance. On the daily timeframe, a Fibonacci retracement from prior swings would likely place key levels around $2.30 and $2.35, which were both touched or exceeded during the period.

Backtest Hypothesis

Given the bearish engulfing pattern and the bearish divergence seen in the MACD and volume, a potential short-term strategy could involve a sell entry near the $2.323 level with a stop above $2.33 and a target at $2.315. This setup would leverage the bearish momentum observed in the early part of the session, while using the 61.8% Fibonacci retracement as a key target and the $2.33 level as a critical stop-loss reference. A confirmation of a break below $2.315 could also trigger a deeper sell-off, targeting the next support at $2.302.