Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt

Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt

Bitget-RWA2025/11/23 04:50
By:Bitget-RWA

- FILUSDT traders focus on $1.85 support as key reversal level amid bullish momentum signs. - Technical analysis shows RSI nearing oversold territory and WTI-like support patterns reinforcing potential rebound. - Successful defense of $1.85 could trigger $3.90 target, with $2.50-$2.70 zone acting as next critical validation point. - Broader crypto optimism and risk-on market conditions further support potential upward trajectory for FILUSDT.

The

pair has captured market interest as traders keep a close eye on key support levels, anticipating a potential upward reversal. The $1.85 support area has remained intact, halting further declines and hinting at a possible change in market sentiment. Market experts believe that if this support continues to hold, it could set the stage for a move toward $3.90, a target that aligns with the overall positive outlook for the asset.

Technical signals lend weight to this perspective. On the hourly chart, sellers have challenged the $1.85 support, but buyers have stepped in to counteract the selling pressure. This scenario is similar to what has been seen in other markets, such as WTI oil, where crucial support levels have

. The hourly Relative Strength Index (RSI) is nearing oversold conditions, which could indicate that the downward trend is losing steam and buyers may soon take the lead.

Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt image 0
If FILUSDT tests the $1.85 support and does not fall below it, this will be a crucial moment. Holding above this level could spark a bounce, with the $2.10–$2.30 range likely to be the next area of focus. Additionally, traders are monitoring the $2.50–$2.70 zone, where former resistance may now act as a foundation for continued upward movement. Should buyers push prices past $3.00, reaching $3.90 becomes increasingly likely, particularly if the wider market environment remains favorable for riskier assets.

The overall sentiment in the cryptocurrency market also leans bullish. Although the information provided does not include FILUSDT-specific figures,

demonstrate how significant price levels can influence momentum in highly volatile markets. Investors should keep an eye on trading volume and on-chain metrics to confirm any potential breakout.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects

- XRP faces critical juncture at $1.96 as bearish technical patterns clash with institutional optimism from new ETFs. - Descending triangle breakdown and RSI divergence signal potential 25% drop to $1.55, contradicting ChartNerd's reversal prediction. - Bitwise XRP ETF's $25.7M debut volume injects liquidity but risks accelerating forced selling from 41.5% of supply at a loss. - Analysts debate ETF-driven bullish potential vs. structural risks, with $2.20 support zone and $1.25 price floor as key battlegro

Bitget-RWA2025/11/23 06:28
XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects

CFTC's Efforts in Crypto Encounter Staffing Shortages and Political Challenges as Selig Approaches Confirmation

- Trump's nominee Michael Selig advanced to Senate confirmation after a 12-11 party-line vote to lead the CFTC amid crypto regulatory debates. - Selig, an SEC crypto expert, emphasized balancing innovation with investor protection and aligning with Trump's pro-crypto agenda during his hearing. - The CFTC faces staffing gaps (543 vs. SEC's 4,200) and political pressure to maintain bipartisan balance while navigating crypto rule harmonization. - Selig deferred resource needs to post-confirmation assessment a

Bitget-RWA2025/11/23 06:28
CFTC's Efforts in Crypto Encounter Staffing Shortages and Political Challenges as Selig Approaches Confirmation

Bitcoin News Update: Cryptocurrency Company Seeks $100 Million Sale Following Founder’s Indictment for Money Laundering

- Crypto Dispensers, a Chicago-based Bitcoin ATM firm, faces a $100M sale amid a federal indictment accusing founder Firas Isa of laundering $10M through its network. - The DOJ alleges Isa converted illicit funds from fraud and drug trafficking into crypto via weak AML controls, despite claims of robust compliance since 2020. - Regulatory scrutiny intensifies as UK/SFO and Europol crack down on crypto fraud, signaling reduced anonymity for criminal transactions in digital assets. - Market uncertainty grows

Bitget-RWA2025/11/23 06:28
Bitcoin News Update: Cryptocurrency Company Seeks $100 Million Sale Following Founder’s Indictment for Money Laundering

Ethereum News Update: Ethereum at a Turning Point: Downward Trends Meet Institutional Advancements

- Ethereum faces bearish signals as RSI nears oversold levels and MACD remains below its signal line, risking a break below $3,000 support. - Treasury firms like FG Nexus are selling ETH to fund buybacks, exacerbating downward momentum amid broader market pressures. - BlackRock registers a staked ETH ETF to boost returns via staking yields, attracting $13.1B in inflows since its July 2024 launch. - Fidelity highlights the Fusaka upgrade to enhance scalability and redirect economic activity to layer-1, pote

Bitget-RWA2025/11/23 06:28
Ethereum News Update: Ethereum at a Turning Point: Downward Trends Meet Institutional Advancements