Crypto
FILE Teeters at Upper Bollinger Band as Momentum Fades
FILE's recent surge has put it in a precarious position as it hovers above its upper Bollinger Band at $1.03, with momentum indicators hitting zero and taker sell flow overwhelming buyers.
The token's price is now trading above every meaningful moving average on the board, but it's not rallying freely, it's grinding, compressed, and running out of room.
With the upper Bollinger Band at $1.05 and price at $1.03, the asset is operating in a historically thin slice of air where the probability of a pause or reversal rises sharply.
The $26.2 million in 24-hour spot volume on Binance confirms that there's genuine participation, but the internals tell a different story, momentum got FILE here, and momentum is no longer driving.