Here's a detailed technical analysis and market overview of $FIL

/USDT (Perpetual Futures)

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📊 FIL/USDT Market Snapshot

Metric Value

Last Price $2.24 ⬇️ (-0.67%)

Mark Price $2.239

24h High / Low $2.259 / $2.175

24h Volume (FIL) 41.99M

24h Volume (USDT) $93.29M

Current Volume 381,461.7 FIL

MA(5) 1.18M

MA(10) 1.33M

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📉 Technical Breakdown

🔹 Price Action

FIL is currently trading just above its daily low, reflecting short-term bearish pressure.

Price is hovering close to Mark Price, indicating equilibrium between buyers and sellers.

🔸 Volume & Trend

Volume is lower than moving averages (MA5 & MA10), suggesting reduced trading activity.

Price has rejected $2.26 resistance, now attempting to hold above $2.20.

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🔑 Key Price Levels

Level Type Price (USDT) Significance

Resistance 1 2.259 Daily high

Resistance 2 2.324 – 2.378 Strong supply zone, order book wall

Support 1 2.216 Near-term structure support

Support 2 2.175 Daily low, critical breakdown point

Support 3 2.162 Potential bounce area

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📊 Trend & Sentiment

Indicator Status

Short-Term Trend Bearish

Momentum Weak

Volume Trend Declining

Volatility Low-to-Moderate

Market Bias Neutral-Bearish

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🧭 Possible Trade Setups

📈 Bullish Reversal Setup

Trigger: Reclaim of $2.26+

Entry: $2.26–$2.28 range

Target: $2.32 → $2.37

Stop-Loss: Below $2.21

📉 Bearish Breakdown Setup

Trigger: Clear breakdown below $2.175

Entry: $2.17–$2.16

Target: $2.10 → $2.05

Stop-Loss: Above $2.21

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🧠 Summary

FIL/USDT is trading near its lower range, indicating seller dominance, but not full capitulation. A break below $2.175 could accelerate a drop. Bulls need to reclaim $2.26 to flip momentum short term.

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