Will Filecoin Break Through a Year-Long Resistance Trendline? Price Targets Aim High

Filecoin (FIL) is facing a critical test as it attempts to break through a year-long descending trendline on its daily chart. This level has consistently acted as resistance, preventing any major price recovery since late 2024. A successful breakout above this crucial threshold could propel Filecoin towards $4.50, representing a potential increase of over 104% from current trading levels. Traders are optimistic and signaling strong buying interest with Binance and OKX long/short ratios exceeding 2.3.