Filecoin Breakout Sparks Hope of New Rally as Analysts Predict Bullish Trend

After weeks of stagnation, the Filecoin price has broken out of a downward trendline, leading to renewed optimism among analysts. This breakout may be too early to call a major rally but suggests a potential shift in momentum. Analyst CW points to this as a crucial development, highlighting how FIL’s climb from its recent downtrend reflects a change in market pressure. Traders are beginning to notice the shift with increased buying activity, and the chart indicates a possible positive reversal.