Currently, Filecoin (FIL) is trading at a critical decision point on the daily timeframe. The chart shows a clear descending triangle pattern, formed by a downtrend resistance line and a horizontal support zone around $1.96 – $2.28.
This pattern is typically seen as a bearish continuation, but it can also trigger a strong reversal breakout if price breaks above resistance with significant volume. In short, the market is now at a make-or-break zone — either a breakdown to new lows or a bullish breakout that could spark a strong rally.
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🔎 Pattern Details & Key Levels
Pattern: Descending Triangle (lower highs + flat support)
Major Support Zone: $1.96 – $2.28 (strong demand zone, price has bounced multiple times)
Dynamic Resistance: descending trendline pressing since early 2025
Static Resistance Levels: $2.737 – $3.094 – $3.537 – $4.832
Psychological Levels above: $6.0 – $8.0
Measured Move Targets (triangle height):
Upside breakout = ≈ $3.51
Downside breakdown = ≈ $1.19
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✅ Bullish Scenario
Trigger: Daily close above the descending trendline + confirmed breakout above $2.737 with strong volume.
Additional confirmation: Successful retest of trendline / $2.737 as new support.
Targets:
Short-term: $3.09
Primary measured move: $3.51
Extended targets: $3.53 – $4.83 (if momentum continues)
Upside potential: From $2.28 → $3.51 = +53.6%
---
❌ Bearish Scenario
Trigger: Daily close below $1.964 with convincing volume.
Additional confirmation: Failed retest of $1.96 as resistance.
Targets:
Primary measured move: ≈ $1.19
Psychological area: $1.00 (potential liquidity zone)
Downside risk: From $2.28 → $1.19 = -47.8%
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📌 Conclusion
FIL/USDT is at a major crossroad.
Holding the $1.96–$2.28 support + breakout above the trendline opens the door to $3.51 and potentially $4.83.
Losing this support would confirm a bearish breakdown towards $1.19.
Best approach: Wait for daily close + volume confirmation to avoid false breakouts/breakdowns.
⚠️ Disclaimer: This analysis is for educational purposes only, not financial advice. Always apply proper risk management.
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> FIL/USDT is now testing a decision zone with a descending triangle pattern on the daily chart.
Bullish case: Breakout above $2.737 → targets $3.09 to $3.51
Bearish case: Breakdown below $1.964 → target $1.19
$1.96 – $2.28 remains the critical support — either the last defense before a deeper drop, or the launchpad for the next rally.
🚨 Watch for daily close & volume to confirm the move!
#FIL #FILUSDT #Filecoin #Crypto #TechnicalAnalysis #DescendingTriangle #SupportResistance #Breakout #BearishScenario #BullishScenario #CryptoTrading
This pattern is typically seen as a bearish continuation, but it can also trigger a strong reversal breakout if price breaks above resistance with significant volume. In short, the market is now at a make-or-break zone — either a breakdown to new lows or a bullish breakout that could spark a strong rally.
---
🔎 Pattern Details & Key Levels
Pattern: Descending Triangle (lower highs + flat support)
Major Support Zone: $1.96 – $2.28 (strong demand zone, price has bounced multiple times)
Dynamic Resistance: descending trendline pressing since early 2025
Static Resistance Levels: $2.737 – $3.094 – $3.537 – $4.832
Psychological Levels above: $6.0 – $8.0
Measured Move Targets (triangle height):
Upside breakout = ≈ $3.51
Downside breakdown = ≈ $1.19
---
✅ Bullish Scenario
Trigger: Daily close above the descending trendline + confirmed breakout above $2.737 with strong volume.
Additional confirmation: Successful retest of trendline / $2.737 as new support.
Targets:
Short-term: $3.09
Primary measured move: $3.51
Extended targets: $3.53 – $4.83 (if momentum continues)
Upside potential: From $2.28 → $3.51 = +53.6%
---
❌ Bearish Scenario
Trigger: Daily close below $1.964 with convincing volume.
Additional confirmation: Failed retest of $1.96 as resistance.
Targets:
Primary measured move: ≈ $1.19
Psychological area: $1.00 (potential liquidity zone)
Downside risk: From $2.28 → $1.19 = -47.8%
---
📌 Conclusion
FIL/USDT is at a major crossroad.
Holding the $1.96–$2.28 support + breakout above the trendline opens the door to $3.51 and potentially $4.83.
Losing this support would confirm a bearish breakdown towards $1.19.
Best approach: Wait for daily close + volume confirmation to avoid false breakouts/breakdowns.
⚠️ Disclaimer: This analysis is for educational purposes only, not financial advice. Always apply proper risk management.
---
> FIL/USDT is now testing a decision zone with a descending triangle pattern on the daily chart.
Bullish case: Breakout above $2.737 → targets $3.09 to $3.51
Bearish case: Breakdown below $1.964 → target $1.19
$1.96 – $2.28 remains the critical support — either the last defense before a deeper drop, or the launchpad for the next rally.
🚨 Watch for daily close & volume to confirm the move!
#FIL #FILUSDT #Filecoin #Crypto #TechnicalAnalysis #DescendingTriangle #SupportResistance #Breakout #BearishScenario #BullishScenario #CryptoTrading
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.