$FIL spent six days going nowhere and then did the whole week's work in one day. It is up 11.3% in 24 hours and 11.4% over 7 days, so almost all of the weekly gain came today.
Price is 1.18, about 2% under the 7-day high of 1.205. Volume is the reason I take it seriously: roughly 27.2M USDT, close to 2.5 times the 7-day average. BTC is down 0.82% over the same 24 hours, so FIL did this on its own.
Hourly RSI is 65. That is warm, not extreme, which surprised me after an 11% day.
I lean positive here, but I would not trust it until FIL holds above 1.205 with volume still well above normal. A one-day jump after a flat week often gets sold the next day, and if price slides back under 1.10 while volume dries up, I would call this a spike and move on. The weekly low of 0.98 is far below now, so that is not the level to watch.
#Filecoin #FIL
Price is 1.18, about 2% under the 7-day high of 1.205. Volume is the reason I take it seriously: roughly 27.2M USDT, close to 2.5 times the 7-day average. BTC is down 0.82% over the same 24 hours, so FIL did this on its own.
Hourly RSI is 65. That is warm, not extreme, which surprised me after an 11% day.
I lean positive here, but I would not trust it until FIL holds above 1.205 with volume still well above normal. A one-day jump after a flat week often gets sold the next day, and if price slides back under 1.10 while volume dries up, I would call this a spike and move on. The weekly low of 0.98 is far below now, so that is not the level to watch.
#Filecoin #FIL
