Filecoin has retested the broken descending triangle on the weekly timeframe, confirming a bullish reversal.

Strong volume and price action signal potential for a major rally ahead.

Buy Zone

$4.50 - $5.50

Accumulate FIL within this range for a low-risk entry.

Targets (Short to Long Term)

1. Target 1: $11.80

2. Target 2: $28.00

3. Target 3: $70.00

Stop Loss

$4.00

Exit if the price closes below this level to manage risk.

Key Insights

The retest of the descending triangle breakout confirms a bullish structure.

Strong volume supports a sustained upward move.

Watch for resistance at $7.00; breaking it could accelerate the rally.

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