Filecoin’s Price Structure Points to a Potential Breakout, Mirror of 2020 Rally

The cryptocurrency market has been impacted by a significant downturn in Q1 2025, with Ethereum dropping nearly 45%—the worst performance since 2018. This overall market weakness is pushing altcoin prices down, even as Filecoin (FIL) continues to experience heavy losses over the past 90 days, wiping out investor confidence. However, a closer look at FIL’s chart reveals a potential opportunity for growth, reminiscent of the price structure seen leading up to its explosive rally in late 2020.