📊 $FIL

/USDT Technical Analysis & Targets 🎯

Filecoin (FIL) has shown a strong rebound in the past 24 hours, gaining +3.79%, trading at $5.514 on Binance. Here’s a breakdown of the current trend and potential targets:

Market Overview

24H High/Low: $5.536 / $5.196

24H Volume:

FIL: 7.62M FIL

USDT: $40.66M

Current Support: $5.20

Current Resistance: $5.55

FIL’s price is showing a bullish momentum, fueled by increased volume and buying pressure. With a solid break above the $5.55 resistance, we could see an accelerated rally.

Key Technical Levels & Targets

🎯 Target 1: $5.90 (Short-Term)

If FIL can sustain above $5.55, we may see a push toward $5.90, aligning with previous highs. Traders looking for quick profits might find this an ideal level.

🎯 Target 2: $6.50 (Mid-Term)

A break above $5.90 could pave the way for $6.50, a level that matches the psychological barrier and historical resistance zone.

🎯 Target 3: $7.00 (Long-Term)

With continued bullish sentiment, FIL could aim for $7.00, representing a significant 26% upside from the current price. This aligns with its longer-term recovery trend.

Indicators to Watch

1. RSI (Relative Strength Index): Hovering near overbought levels; watch for corrections.

2. Volume: Strong buying activity confirms the uptrend.

3. Bollinger Bands: Price moving near the upper band indicates potential breakout zones.

Risk Management Tip

Consider placing stop-losses at $5.20 (near support) to mitigate downside risks.

Trade wisely! 🚀 #Binance #FILUSDT #CryptoTrading