Filecoin Price Analysis: A Bullish Setup Ahead of Potential Breakout

Despite a recent quiet period, Filecoin’s price action shows no sign of weakness. Instead, it appears to be preparing for a significant move higher. Analysis suggests the current price movement is more indicative of buying pressure than a market breakdown. The FIL price has held above its main trendline on the daily timeframe, indicating buyers are in control. This pattern, coupled with a decrease in volatility and range contraction, signals the possibility of an imminent breakout.