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FIL recently experienced a significant change in trading volume, with a 17.2% surge in trading volume on the 30-minute candlestick chart, which often signals the beginning of a market move. The current price is at 1.567 USDT, only 0.13% away from the key support level at 1.568 — essentially close to the bottom range.
From a technical perspective, the zone between 1.545 and 1.554 forms an important support band. Once this level stabilizes, the upward target points toward the resistance level around 1.6. The increase in volume combined with the price approaching support typically indicates that the bulls may be starting to gather momentum.
For traders looking to catch the bottom, placing a buy order near 1.568 is a good strategy, with a target set at 1.6. However, it’s important to note that although volume is increasing, whether a successful breakout can occur will require close observation. This level is indeed worth paying close attention to, as FIL’s next move could be just around the corner.