Filecoin Breaks Through Resistance, Signals Potential Reversal – Analysis

The Filecoin (FIL) price is showing signs of recovery after a volatile week marked by a sharp pullback. Data reveals an increase in market cap of 7.45% in the past 24 hours, with FIL trading around $2.10. Despite a slight decline in volume, prices are stabilizing as traders assess whether this move signifies a broader trend reversal. The positive movement is further supported by technical indicators such as MACD crossing into slightly bullish territory and RSI hovering near neutral-to-positive levels. 24-hour trading activity remains choppy, with price fluctuations ranging between $2.00 to $2.20, but buyers are gradually stepping in. Analyst Rekt Capital highlights a notable development on the weekly chart: FIL is currently performing a volatile post-breakout retest of its 2025 downtrend line.