FILE Hits Upper Bollinger Band After Sudden 6.52% Surge

FILE has been on a tear, surging by 6.52% in a single day to reach $1.09 and brush against its Bollinger upper band.

The asset's momentum has stalled, however, with the MACD momentum completely flatlined and open interest bleeding out.

While smart money is leaning heavily long, the OI bleed is a warning shot that the rally may be partially mechanical rather than conviction-driven.

FILE's 7-day, 20-day, 50-day, and even 200-day SMA are all above current price levels, indicating a sustained accumulation and recovery phase.

The question now is whether FILE can push through $1.12 and $1.15, or if it exhausts itself at its current level.