Despite Filecoin’s (FIL) recent decline, there are still some factors that support its bullish analysis:
1. **Storage Demand and Advancement of Filecoin Plus**
- The long-term growth potential of the Filecoin network remains significant, especially against the backdrop of increased demand for decentralized storage. As more businesses and individuals become concerned about data privacy, the demand for decentralized storage solutions is expected to increase. The implementation of the Filecoin Plus plan further incentivizes reputable storage providers and improves the effective storage capacity of the network, which may lead to an increase in demand for FIL tokens.
2. **Network expansion and technology upgrade**
- The Filecoin community and Protocol Labs team continue to work on network expansion and technical improvements. These technological advancements not only improve the stability of the network, but also enhance users' trust in the network, which may prompt more users and developers to participate, thus driving up the price of FIL.
3. **Potential integration of DeFi and NFT sectors**
- As the DeFi and NFT markets recover, Filecoin’s decentralized storage capabilities may also find new application scenarios in these areas. For example, NFT projects have an increasing need for decentralized storage, and Filecoin can provide an ideal storage solution for these projects. As more projects adopt the Filecoin network, the demand and value of FIL may also rise.
4. **Technical Charts and Support Level Analysis**
- From a technical perspective, FIL has recently shown strong support at multiple key support levels, demonstrating the market's strong willingness to buy the asset at low levels. This may indicate that FIL is expected to rebound into a new uptrend after a correction.
