FIL Technical Analysis: Confident Buyers Ready Cross $25 Juncture

FIL coin price experiences a boom in buying pressure evident by the 27% jump in the last 24 hours. Will the increasing volume surpass reach the $30 mark? Key technical points: FIL coin price approaches the 100-day EMA. In addition, the RSI slope enters into the overbought territory. Finally, the 24-hour trading volume of Filecoin is $1.33 Billion, marking a 535% rise. Past Performance of FIL FIL coin price creates a remarkable, bullish engulfing candlestick to the $24 mark from the $18 level. The surging prices outperform the 50-day EMA and make a new swing high slightly above the $24 mark. Then, it continues to head higher to the resistance confluence of the 100-day EMA and the $25 mark. Source-Tradingview FIL Technical Analysis FIL coin price shows a boom in buying pressure evident by the 500% jump in the trading volume, increasing the chances of sustained buying for the day. Hence, a surge above the $25 mark is quite possible with another solid bullish candle. The Filecoin market price is approaching the 100-day EMA mark and might shortly surpass it. Moreover, the reversal in the 50-day EMA increases the chances of bullish crossover with the 100-day EMA. RSI Indicator: The RSI slope pinches into the overbought territory with a diagonal spike. Furthermore, the 14-day average rises higher above the 50% mark, reflecting the positive sentiment building up for the Filecoin. MACD Indicator: The MACD and signal lines regain the bu...