FILE Price Stalls at $0.98 as Technicals Indicate Mean-Reversion

FILE's recent 13.19% surge to nearly $1.00 is already showing signs of stalling, according to technical analysis.

The token's price breached its Bollinger upper band and MACD momentum flatlined at zero, indicating a potential mean-reversion toward $0.89.

Despite the impressive rally, the chart shows every single moving average below the current price, with the 7-day, 20-day, 50-day, and 200-day SMA ranging from $0.75 to $0.90.

The Bollinger upper band is at $0.97, but a %B reading above 1.04 means FILE is statistically overextended relative to its recent volatility range.