Filecoin Price Breaks Out Above Key Resistance
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Filecoin (FIL) price reached $8.45, its highest level since February 2023, breaking out above a long-term descending resistance trend line
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FIL closed above the $7.60 horizontal resistance area, which is expected to provide support going forward
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Wave count analysis suggests FIL is in the third wave of a five-wave upward movement, with a short-term pullback possible before more gains
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Next key resistance is at $10.30, nearly 30% above current levels, with support at $7.60 and $6.50 on any pullbacks
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Analysts and traders on X are largely bullish on FIL's price outlook, with targets as high as a 200% gain from current levels