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Filecoin (FIL) Forms Bullish Setup: Is a Rally to $4.85 in Sight?

  • Filecoin (FIL) is showing early signs of a trend reversal and bullish setup after trading within a downward channel for weeks.
  • The price of FIL has increased by 8.17% over the past week, currently trading at $2.38 with a 24-hour volume of $209.81 million.
  • Key resistance levels for FIL are identified at $2.75, $3.30, $3.85, and $4.85 if a breakout is confirmed, indicating a potential rally.
  • Analysts believe that if Filecoin breaks out successfully, it could lead to a significant upward momentum, targeting levels such as $4.85 with growing market interest.

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