After a brief market correction, there is a trend of reversal. As mentioned before, in the current market, if you haven't entered yet, every market correction is your opportunity to enter. Recently, established coins like ADA and XRP have led the rise, seemingly showing signs of recovery, which has led everyone to speculate whether a comprehensive altcoin season is coming?
Currently, the market is still mainly dominated by BTC, and altcoins have not fully taken over. However, the trend over the past 7 days is still worth noting. The altcoin season index has gradually rebounded from a low point on the 17th to a significant jump to 28 on the 21st, indicating that market interest in altcoins is beginning to recover. So when altcoins explode, will FIL also return to the spotlight and make a comeback like SOL?
Under the strong performance of established coins, will FIL explode?
01
FIL
Let's first review FIL's shining moments. In 2021, it reached a peak of $238, with a market cap surpassing $140 billion; in March this year, it also rose to $11.8. When many investors thought FIL was about to take off, it chose to disappoint again, falling back down and breaking the $3 mark without looking back.
02
Under the sequential explosion of established coins, FIL started to show signs of explosion from the 21st, stretching 50% in just 4 days. There was a slight correction yesterday, but its key support level remains solidly above $4.80. In recent trading days, FIL has successfully attracted a lot of attention.
03
From a technical analysis perspective, it has built a solid foundation for potential price increases, allowing it to progress steadily even amidst the turbulent waves of the cryptocurrency market. This subtle shift in sentiment makes FIL seem to hold a ticket to break through key levels, with a significant breakthrough possibly just around the corner.
04
COINOTAG's latest technical analysis adds a strong stroke to FIL's bullish outlook. Their research indicates that once FIL's closing price successfully surpasses $4.80, it is highly likely to trigger a significant price leap, with the next target aiming for $7.20. At the same time, it will return to above $10 next year.
Once a king, driving many investors wild; when the tide goes out, it becomes so despairing. But this is the market, you can say it's beautiful, but also tragic; however, no matter what, the past is the past. After FIL successfully confirms a breakout above the key level of $4.80, it is very likely to trigger a new wave of rising frenzy. In the foreseeable future, FIL has a bright outlook, and congratulations to those who remain steadfast!
