FIL has recently experienced a significant change in trading volume, with a 42.9% week-on-week increase in 30-minute trading volume. The current trading price is hovering around 1.273 USDT. From a technical perspective, 1.275 USDT forms a strong support level, only 0.00% away from the 1-hour benchmark level. The entire support zone ranges between 1.269-1.275 USDT.
It is worth noting that a sudden increase in volume often indicates that the market may accelerate its move. At this point, FIL is approaching a key support level, presenting a potential long opportunity. Traders may consider placing orders around 1.275 USDT and wait for market confirmation. How the subsequent trend develops will depend on whether trading volume can be maintained and if the price can find effective support at the support level.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
FIL has recently experienced a significant change in trading volume, with a 42.9% week-on-week increase in 30-minute trading volume. The current trading price is hovering around 1.273 USDT. From a technical perspective, 1.275 USDT forms a strong support level, only 0.00% away from the 1-hour benchmark level. The entire support zone ranges between 1.269-1.275 USDT.
It is worth noting that a sudden increase in volume often indicates that the market may accelerate its move. At this point, FIL is approaching a key support level, presenting a potential long opportunity. Traders may consider placing orders around 1.275 USDT and wait for market confirmation. How the subsequent trend develops will depend on whether trading volume can be maintained and if the price can find effective support at the support level.