FIL Technical Analysis 2025

As of writing, Filecoin (FIL) ranks 42nd on CoinMarketCap with a market capitalization of $3.2 billion.

FIL Tech Analysis

FIL began trading in late October 2020. Entering the market during a bull cycle, the asset quickly caught investors' attention. FIL recovered rapidly after an initial correction and demonstrated remarkable growth. Within just two months, the asset's price increased over tenfold, starting at $20 and reaching an all-time high (ATH) of $238 by the end of March 2021.

Following the end of the bull market, a deep correction ensued. FIL mirrored the broader market trend, declining 99%from its peak and setting an all-time low (ATL) in December 2022 at $2.41. This level can currently be considered a local bottom. However, the first significant support zone, from which FIL entered a consolidation phase, is around $4.80.

Since May 2022, FIL has entered a consolidation stage, forming a broad price range with an upper boundary at $9.53 and a lower boundary near $3. Over 2.5 years, the asset has repeatedly exhibited deviations, periodically breaking out of the range to gather liquidity. These false breakouts are well-illustrated using the RSI indicator, which effectively captures overbought and oversold conditions during such movements. Some of the most significant deviations and formations of these patterns are marked in the accompanying chart.

The current consolidation phase can be interpreted as an accumulation process, with false breakouts supporting this hypothesis. This suggests a potential future impulsive breakout from the range. To minimize risks and avoid false breakouts, we recommend reviewing our article on how to trade breakouts from accumulation phases.

FIL Price Prediction

In November 2024, FIL, influenced by the overall positive market sentiment, experienced a robust rally from $3.125 to $8.322, marking a growth of over 158%. This movement was accompanied by a noticeable increase in trading volumes, reflecting growing interest from investors and speculators.

However, after this impulsive growth, FIL corrected in December to a historical mirror level of $4.71. This level, along with $4.19, previously acted as resistance and now serves as support.

Given the current accumulation phase and expectations for growth following the consolidation period, moderate volatility is anticipated in the near term within the support zone of $4.19–$4.71. Subsequently, a price reversal towards the local high of $8.322 and its potential breakout is possible. A break above $9.53 and a move out of the consolidation range would signal the start of a new upward trend, which could serve as a foundation for long-term growth.

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