FIL：Decentralized Storage Leader, Is There an Opportunity for Breakthrough in the Bull Market?

As a representative project in the field of decentralized storage, **Filecoin (FIL)** has long been in the spotlight, especially due to its wide range of applications in decentralized data storage. However, due to the excessively high market enthusiasm in the early stages, a large amount of trapped positions have accumulated. After several years of horizontal consolidation on a monthly basis, the current market has high hopes for whether FIL can break through in this bull market.

1. Current Market Status of FIL

• Pressure from Trapped Positions: A large number of trapped positions have accumulated above the FIL price, mainly concentrated in the funds that chased high at the end of the bull market.

• Monthly Horizontal Consolidation: Over the years, the FIL price has fluctuated within a lower range, indicating that the market is in a phase of accumulating chips, waiting for the opportunity for a bull market breakout.

2. Potential of FIL in the Bull Market

• Support from Depin Narrative: The demand for decentralized storage is growing increasingly in the blockchain and Web3 fields, and the Depin (Decentralized Infrastructure) concept provides a new hot narrative for FIL.

• Strong Fundamentals: As a leading project in decentralized storage, the FIL ecosystem is steadily expanding, and its technology and practical application scenarios provide confidence to the market.

• Increased Attention from Funds: Continuous increases in holdings by institutions like Grayscale, as well as clear signs of market capital inflow, inject momentum into FIL.

3. Technical Aspects and Operational Suggestions

• Breakthrough Key Levels: Pay attention to FIL breaking through the monthly pressure range; once stabilized, it will welcome greater space.

• Building Positions in Batches: Gradually layout within the horizontal consolidation range to avoid chasing highs due to fluctuations.

• Long-term Perspective: Combining fundamentals and the Depin concept, FIL may have the potential to surpass previous highs in the next bull market.

Summary:

FIL has solid fundamentals and market narrative support, and the long-term horizontal consolidation may have entered a stage of accumulation. In this bull market, FIL is expected to break through the pressure from trapped positions and reach new price highs. However, it is important to control the pace and adopt a batch layout for more stability.