Is FIL Ready for a Big Surge?
In the past month, Filecoin [FIL] has performed impressively, rising 94.18%, with its price nearly doubling from recent lows. The bullish momentum continues, having increased by 6.17% in the past 24 hours, with a weekly rise of 24.04%.
Market participants will play a crucial role in shaping FIL's trajectory in the upcoming trading days.
Bullish participants still control FIL
Data from Coinglass confirms that with rising open interest (OI) and positive funding rates supporting it, FIL's bullish sentiment remains strong.
Open interest (which tracks the total number of unsettled perpetual contracts for an asset) has increased significantly.
