$FIL

The price is moving in a descending channel on the 1-hour frame and sticking to it well

We have a bounce from the lower limit of the descending channel, this support is at 4.70

We have a downtrend on the RSI indicator that is about to be broken, which supports the rise

We have a trend to stabilize above the moving average 100

Entry price 4.87
First target 5.22
Second target 5.49
Third target 5.82
#FIL #Filecoin #FILUSDT #Write2Earn #ChristmasMarketAnalysis

The cryptocurrency market is rebounding after a sharp correction triggered by the Federal Reserve’s December 17 meeting. Bitcoin ($BTC ) briefly dipped to $92,000 but has since recovered to trade above $98,000, providing a much-needed lift to market sentiment. Among altcoins, Filecoin ($FIL ) and Quant ($QNT ) are emerging as strong contenders, rebounding from their recent lows and holding key technical levels after significant breakout moves.
Over the past month, Filecoin has rallied 23%, while Quant has surged 31%, signaling growing investor interest and optimism in these assets.
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Filecoin (FIL): Retesting Critical Levels After a Long-Awaited Breakout
Filecoin recently achieved a notable technical milestone, breaking out of a Descending Triangle pattern that constrained its price for nearly two years. The breakout occurred on November 25, 2024, as FIL surged above the descending resistance trendline, driving the price to a peak of $8.42. This marked a significant shift for the token, which had struggled to gain upward momentum within the prolonged bearish pattern.
Following the market correction, FIL successfully retested its former resistance line, now acting as a robust support level near $5. At the time of writing, FIL is trading at $5.38, maintaining its position above this critical support zone. This behavior indicates strong technical resilience and the potential for further upward movement.
Should the bullish momentum persist, FIL could aim for a retest of its recent $8.42 high, offering a potential 55% upside from its current price.
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Quant (QNT): Sustaining Momentum After a Triumphant Breakout
Quant (QNT) also experienced a major technical breakout, overcoming a Descending Triangle pattern that had capped its price trajectory for nearly three years. The breakout, which occurred on November 25, 2024, propelled QNT above its long-standing descending resistance trendline. The token subsequently rallied to a high of $171.
During the recent market correction, QNT retraced to retest its breakout level near $95. Following this successful retest, QNT has rebounded and is currently trading at $116. The price action indicates that QNT has established a solid foundation for further gains, supported by strong market demand.
If the recovery sustains, QNT may revisit its recent high of $171, presenting a potential 48% gain from its current trading level.
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Market Outlook: FIL and QNT Positioned for Growth
Both Filecoin and Quant have displayed technical strength by holding their breakout levels and converting previous resistance zones into reliable support. These developments suggest that the tokens are well-positioned for potential gains, particularly if broader market conditions stabilize.
Bitcoin’s recovery above $98,000 provides a supportive macro environment for altcoins. However, sustained stability in Bitcoin’s price will be critical for assets like FIL and QNT to build on their momentum. Investors should monitor key resistance levels—$8.42 for FIL and $171 for QNT—alongside broader market trends to gauge the likelihood of further upside.
With their breakouts intact and technical indicators pointing to continued strength, both Filecoin and Quant could be set for significant performance in the near term, contingent on market conditions and broader sentiment.

2024 is a critical year for Filecoin: Launching the USDFC collateralized stablecoin; Looking ahead to 2025: Accelerating the network by 450 times through fast finality (F3)

2024 is a pivotal year for Filecoin
Launch of the USDFC collateralized stablecoin; Looking ahead to 2025: Accelerating the Filecoin network by 450 times through fast finality (F3)
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2024 is a pivotal year for Filecoin, achieving significant advancements in Filecoin Virtual Machine (FVM), storage, retrieval, and computing. In this blog post, we will review key milestones from 2024 and look at the main growth drivers shaping Filecoin's path into 2025.

Summary of Filecoin ecosystem development in 2024: Dozens of new teams are revitalized after internal reorganization! Progress has been made in L1, L2, AI, DePIN, etc.
Filecoin Ecosystem Review in 2024
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As 2024 draws to a close, it’s time to look back and celebrate a year of progress, milestones, and innovation across the Filecoin ecosystem. This year, developers built more applications on Filecoin than ever before, storage providers expanded their services, and AI teams found new ways to work with the Filecoin ecosystem to build decentralized storage and compute into their products. Let’s dive in and replay the highlights.

FIL 10-day data on December 17: DC data hit a new high, accounting for 94%; the number of addresses exceeded 3.28 million; the total circulation was 666 million; the total release was 853 million; 4.31EiB

FIL 10-day data on December 17: DC data hit a new high, accounting for 94%; the number of addresses exceeded 3.28 million; the total circulation was 666 million; the total release was 853 million; the total physical space was 4.31EiB

December 17: The following data is for 10 days

Filecoin statistics show that the effective computing power of the entire network is 23.309EiB (the recent peak has risen to 23.357EiB on December 7, 2024; the current peak has fallen to 22.489EiB on July 19, 2024; the highest historical peak of the entire network is 25.112EiB on February 17, 2024)

The analysis of Filecoin (FIL) highlights positive signals and significant growth potential in the medium term. Below are the key points from the article:

1. Breakout from Long-term Downtrend
• Filecoin has broken the downtrend that extended from 2020 to 2023, marking a recovery after a period of significant price decline.
• The current price is $6.78, up 2.34% in the past day, indicating that market confidence is returning.

[Official] Filecoin Foundation's Vision and Strategic Priorities for 2025! The planned budget for the fiscal year 2025 exceeds $20 million! Netizens: Isn't it better to use this to pump the price?!

Filecoin Foundation's Vision and Strategic Priorities for 2025! The planned budget for the fiscal year 2025 has reportedly exceeded $20 million! Netizens: Isn't it better to use this to pump the price?!

This October, we celebrated the fourth anniversary of the Filecoin mainnet launch, which has been an incredible four years. Today, the Filecoin network has hundreds of teams and thousands of storage providers worldwide, becoming the largest decentralized file storage network in the world.

$FIL

Filecoin (FIL) is showing some interesting price action! 🧐
What's Happening?
FIL is currently retesting a key resistance level. This means it's trying to break through a price barrier that has been holding it back.
Why is this Important?
If FIL can successfully break through this resistance, it could signal a bullish trend and lead to significant price gains.
What Should You Do?
If you're a believer in FIL's long-term potential, now might be a good time to consider buying more. You can gradually accumulate FIL within the current support level, which is highlighted in the chart.
Target Price:
A minimum price target of a 20% increase from the current price is achievable if FIL breaks through the resistance.
Remember:
* Do Your Own Research: Always conduct thorough research before making any investment decisions.
* Risk Management: Never invest more than you can afford to lose.
Let's see if FIL can break through this resistance and continue its upward journey!
Stay tuned for more updates!
#FIL #Filecoin #Binance #Crypto #Blockchain