- FILUSDT maintains $1.85 support, showing accumulation which could set the stage for a strong upward trend.
- The RSI is neutral and the MACD is declining showing bearish momentum and suggesting potential bullish convergence.
- Market cap declined to $1.3B but open interest rose which highlighted renewed trader engagement.
Filecoin is consolidating after a sharp decline with price stabilizing near $1.85. The market shows accumulation but the critical resistance zone between $1.93 and $1.99 is preventing further movement.
Consolidation and Support Levels
FILUSDT has been moving sideways repeatedly testing support levels around $1.93–$1.99. Multiple candle wicks indicate that buyers are defending this zone and they are absorbing selling pressure and preventing a breakdown.
The horizontal support line in the chart acts as a base for potential upward moves.Technical patterns suggest FIL could perform a liquidity sweep below minor swing lows before initiating a strong upward trajectory.
The projected target zone sits around $3.86–$3.96, aligned with previous supply areas and resistance points from earlier consolidation. Traders would monitor confirmations such as volume spikes and bullish candlestick formations to validate these moves.
Support is strong between $1.68 and $1.92 and has been tested multiple times and has shown persistent demand at lower levels. Long lower wicks in candles indicate buying activity after sharp corrections from previous rallies.
Resistance and Potential Bullish Path
FIL faces several resistance targets, including historical supply zones at $2.48, $2.86, $3.18. If buyers stay active, the price could attempt a move through these levels in a steady path upward instead of one sharp breakout.
The RSI sits in the high-40s with neither strong buying pressure nor heavy selling. This neutral reading signals a market waiting for direction, with both sides holding equal influence as FIL trades within its consolidation range.
MACD shows declining bearish momentum, suggesting the possibility of bullish convergence if buying pressure increases.The 1-hour FILUSDT chart, including liquidation heatmaps, shows price compression near $1.87–$1.94. Bright yellow bands indicate heavy liquidation clusters, often attracting short-term liquidity grabs before price reversals occur.
Funding rates remain negative, showing short dominance, which could fuel upward momentum if positions are liquidated.
Market Capitalization and Trading Activity
Filecoin’s market capitalization has trended downward from $1.55 billion to $1.3 billion showing high volatility periods, particularly on November 15 and 18. This was corresponding to spikes in trading volume and activity suggesting active accumulation or short-term positioning at lower levels.
Open interest is slowly increasing following compression, indicating renewed trader engagement and growing potential for directional moves.Overall, FIL remains at a pivotal point, with its current support zones acting as a base for potential upward moves.
Market activity, technical structure, and order-flow metrics together suggest that momentum may shift toward the upside if buyers remain active.
