FILE Pinned Against Upper Bollinger Band: Break or Bust Ahead

FILE is currently trading at its upper Bollinger Band at $0.78, with MACD momentum dead flat and aggressive taker selling dominating the tape.

This is a high-stakes setup, with FILE's price structure leaning constructively above near-term moving averages (SMA 7 at $0.71, SMA 20 at $0.70, SMA 50 at $0.73), but facing resistance from the SMA 200 at $0.86.

According to Lawrence Jengar, FILE is pressing hard against its upper Bollinger Band at $0.78 with MACD momentum dead flat and aggressive taker selling dominating the tape, a break above $0.85 is the make-or-break line.

The asset's 24-hour range of $0.72 to $0.86, a 19% intraday spread, indicates that this is not a sleepy coin sitting in consolidation, but rather one under active directional tension.