Binance FILUSDT 1h Trend Prediction

FILUSDT is currently between the lower and middle bands of the Bollinger Bands, with the band width (0.06) remaining narrow, indicating limited room for further downward movement. Short-term fluctuations are expected within the 1.54-1.60 range. The moving average system shows convergence, with MA5=MA10=MA20, and lacks clear trend guidance within the 1-hour timeframe. Although large bullish traders continue to increase their holdings, the absence of active buying pressure results in significant resistance to upward price movement. Both RSI and KDJ indicate slight oversold conditions in the short term, suggesting potential for a rebound. However, trading volume shows no breakthrough, and MACD has not shown significant expansion, creating a tug-of-war pattern that may lead to repeated sideways oscillations within the range. Despite the market sentiment favoring bullishness (large traders' long/short ratio favors long), active buy orders constitute a small proportion, indicating weak short-term market enthusiasm for buying and a lack of a solid foundation for a trend breakthrough. Support levels are at 1.45-1.46; caution should be exercised if the price breaks below this range. Resistance levels are at 1.60-1.61; without a substantial volume breakout, it’s unlikely to stabilize and advance beyond this point. Overall, the strategy should favor a wait-and-see approach, with high selling on peaks and low buying on dips. If the price retraces to the 1.54-1.55 support zone, consider buying on dips with a stop-loss below 1.45. Should the price attempt to test the 1.60 resistance zone, partial profit-taking is advisable.