Filecoin ($FIL

/USDT) Technical Analysis & Trade Signal

Current Price: $5.509

Momentum: Bullish (+4.73%)

Key Indicators:

RSI (Relative Strength Index): Momentum is approaching overbought levels, signaling strong demand.

MACD (Moving Average Convergence Divergence): Bullish crossover confirms upward momentum.

Support/Resistance Levels:

Support: $5.20 (recent low)

Resistance: $5.55 (24-hour high), with potential break to $6.00.

Trade Signal: BUY (short-term uptrend intact)

Entry Zone: $5.50–$5.55

Stop Loss: $5.20

Targets 🎯:

1. Target 1: $5.75 (near resistance)

2. Target 2: $6.00 (psychological barrier)

3. Target 3: $6.25 (extended rally potential)

Caution: Monitor volumes and market sentiment as retracement near $5.20–$5.50 may occur if momentum weakens.

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