Filecoin Trades at $0.87 as Longer Averages Cap Momentum

Filecoin (FIL) traded at about $0.87, up 1.05% over 24 hours on Wednesday, while remaining below its 20-day and 50-day averages.

In that Nov. 4 spot-market snapshot, FIL was above the seven-day average and pivot at $0.86. Its 20-day average was $0.95, and its 50-day average was $1.01.

The daily relative strength index was 39.62, a neutral reading, while the moving average convergence divergence indicator was negative at -0.0481. The snapshot marked resistance at $0.90 and $0.92, with support at $0.84 and $0.80.

Binance futures funding was 0.0100%, and open interest value increased 0.58% over 24 hours to about $40.5 million. The taker buy/sell ratio was 0.9514, indicating nearly balanced order flow.