$FIL is showing some bullish momentum recently, with key support and resistance levels to monitor closely:
Immediate Resistance: $4.50. Breaking above this level would signal further bullish momentum and a potential trend reversal.
Key Supports:
$4.24 is crucial, as it aligns with the 10-week moving average. If #Filecoin stays above this, the rally can continue.
A stronger support zone exists at $3.6, which needs to hold to avoid a significant drop.
If #FIL falls below $3.5, the next critical support level is at $3.1, followed by a major support floor at $3.0 in case of further bearish pressure.
Traders are watching for sustained movement above $4.50 to confirm bullish reversal, while a drop below $3 could indicate a return to bearish sentiment.