🚀 BeinCrypto Analytics: $FIL Price Reaches One-Year High – Is $10 Next?

The technical analysis of the weekly time frame shows the FIL price had fallen under a descending resistance trend line for 570 days. The decrease culminated with a low in December 2022, and the FIL price has gradually increased. After two unsuccessful breakout attempts, FIL finally moved above the trend line and a horizontal resistance area this week.

FIL reached a high of $8.48, the highest since February 2023. If the upward movement is sustained until the end of the week, it will confirm the breakout from the resistance trend line.

The weekly Relative Strength Index (RSI) is bullish. The RSI is a momentum indicator traders use to evaluate whether a market is overbought or oversold and whether to accumulate or sell an asset.

I see the falling of volatility level.
You write the RSI is bullish, but no indicators (at all) are on the chart you posted here.