FILE Price Surge Hits Snag as Momentum Fades Amid MACD Divergence

FILE has experienced a significant surge, increasing by 6.57% in 24 hours and reaching $1.15, which is now pinned against its upper Bollinger Band. According to Iris Coleman, this momentum is not sustainable, as the MACD histogram has gone flat at the top, indicating a classic momentum exhaustion fingerprint.

The token's strong rally has pushed it above every meaningful moving average on the chart, including the SMA 7 at $1.04 and the SMA 20 at $0.93. However, this bullish regime shift is being met with caution due to the token's trading right at its upper Bollinger Band.

The RSI is at 69.63, close to technical overbought territory, while the Stochastic %K is already in overbought territory at 84.17. The MACD histogram reading of exactly 0.0000 indicates momentum going cold, which may lead to a reversal.