The #FIL/USDT pair on Binance's 4-hour chart is currently trading around $3.430. The price is below the 200-period moving average (MA) at $3.754, indicating a bearish trend over the longer term. The price is also near the Volume Weighted Average Price (VWAP) of $3.484, suggesting a bearish bias with the price moving closer to its lower range.
VWAP (Volume Weighted Average Price): At $3.484, the VWAP is slightly above the current price, indicating that the market sentiment leans towards selling pressure, with the price being traded below the average price level based on volume.
RSI (Relative Strength Index): The RSI is at 30.76, which is in the oversold territory, suggesting that the price could see a rebound or at least a pause in the current downtrend as selling pressure might be exhausted.
MACD (Moving Average Convergence Divergence): The MACD shows a bearish signal, with the MACD line below the signal line and the histogram in negative territory. This suggests a continuation of the bearish momentum, with no immediate signs of a reversal.
Resistance Levels:The immediate resistance level to watch is around $3.500. A breakout above this level could lead to a further rise towards the next significant resistance zone around $3.800.Support Levels:On the downside, the primary support level is near $3.200. A break below this level could lead to further declines towards the next support zone around $3.000.