Filecoin tests $1.20 resistance as hourly RSI hits overbought
- —FIL trades at $1.1934, just below the upper Bollinger Band at $1.1972
- —Hourly RSI at 71.6 signals overbought; daily RSI at 67.9
- —Crypto market cap dropped 3.13% in 24 hours to $2.91 trillion
- —Bull case: close above $1.20 targets $1.24; bear case: below $1.14 opens $1.08
Why it matters: A daily close above $1.20 would confirm the breakout, while a drop below $1.14 would send FIL back toward $1.08 support.
Source: The Cryptonomist (IT)