📉 Technical Analysis – FIL/USDT (1h Chart)
Current Price: $1,274
24h Change: +0.95%
24h High/Low: $1,322 / $1,246
⸻@Filecoin #fil #Filecoin $FIL
🔎 Technical Summary:
The FIL/USDT pair faced a clear rejection at the resistance of $1,322, starting a sequence of correction candles with increasing volume. The current movement indicates a loss of buying strength, with a breakdown of the 7-period average and an approach to the 25-period average.
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📊 Moving Averages (MA):
• MA7: $1,299 (above the current price) – already broken down
• MA25: $1,286 – being tested
• MA99: $1,306 – acted as resistance
The price has returned to operate below the MA7 and MA99, indicating short-term weakness. The MA25 is the last dynamic support of immediate trend.
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💡 RSI Indicators:
• RSI(6): 24.63 – Oversold region
• RSI(12): 40.71
• RSI(24): 45.54
The RSI(6) signals selling exhaustion, which may anticipate an attempt at pullback or technical relief, but the other RSIs still indicate moderate weakness.
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🔊 Volume:
• High volume in recent selling bars
• Confirms strength in selling pressure
• However, there was no extreme capitulation peak, indicating that there may still be continuity
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🧭 Technical Interpretation:
• Immediate Trend: Bearish
• Overall Trend: Neutral in consolidation
• Supports: $1,246 (daily low) and $1,224
• Resistance: $1,286 (MA25) and $1,306 (MA99)
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✅ Conclusion and Strategy:
• Current scenario: Temporary loss of strength after failure to break the MA99. Possible technical relief in the next candles, if support at $1,246 is respected.
• Buyer entry: Only with a reversal candle above $1.29 with increasing volume and RSI exiting the oversold region.
• Seller entry: If it loses $1,246, it may seek the $1.22 region again, opening space for a short-term short.
