$FIL Filecoin Approaching TVL $100M: Is a Price Surge Coming?

Filecoin (FIL) is drawing attention as the Total Value Locked (TVL) surges from $67M to $92M, nearing the important milestone of $100M. Over the past week, the price of FIL has increased by 22.82%, with a rise of 10.35% in the last 24 hours.

Signs of growth:

• Trading volume increased by over 200%, reaching $732M.

• Open Interest rose by 21.1%, indicating significant interest from investors.

• The Long/Short ratio on Binance and OKX is 2.72 and 2.64 respectively, reflecting an optimistic sentiment.

If FIL breaks through the resistance level of $6.97, the price could rise an additional 143%, reaching $16.79. The $100M TVL milestone could serve as a strong catalyst, but will FIL successfully break through?