Filecoin (FIL) is consolidating within a defined accumulation range, signaling potential upside movement, according to an analysis shared by The Crypto Titan’s (@cryptotitans11).
The Crypto Titan’s tweet highlighted that instead of printing a new high, FIL formed a new low. However, the asset remains inside the accumulation box, which has acted as a strong demand area. The post further stated that a swift price reversal confirmed buyers absorbing selling pressure, increasing the likelihood of a major rally.
The digital asset recently touched the lower boundary of this range and swiftly rebounded, reinforcing the demand zone at this level. The market structure indicates that FIL failed to print a higher high and instead formed a lower low, deviating from its anticipated bullish trajectory.
$FIL 💰 (Weekly)$FIL went completely opposite🧐, instead of printing a new high, it printed a new low📉.
— The Crypto Titan's (@cryptotitans11) February 14, 2025
But the Good sign ❗️ is it's still inside the accumulation box & drained out completely📈.
the bottom area is acting as a Demand area for $FIL📈, the instant reversal… pic.twitter.com/iKRnHuOxjj
The Crypto Titan’s suggests this could be a liquidity sweep, where institutional players accumulate before initiating a rally. The key support level remains between $3.17 and $3.50, while significant resistance is identified around $6.50 to $7.00.
What you'll learn 👉
Filecoin’s Potential 90% Upside: Demand Zone Holds
The Crypto Titan’s analysis emphasizes that FIL’s price action confirms strong buying interest at the accumulation box’s lower limit. The tweet also pointed out that FIL’s instant reversal suggests that sellers are being absorbed, paving the way for a possible 90% surge from current levels.
If FIL maintains support above $3.50, a move toward the upper boundary of the range near $6.50 is likely. Beyond this level, a breakout toward $9.00 to $10.00 could unfold.
The analysts highlight that previous movements from this accumulation phase have led to sharp rallies, reinforcing the probability of a similar outcome. As long as the demand zone holds, bullish momentum remains intact.
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FIL’s Trading Volume Surges as Key Price Levels Face Crucial Test
FIL’s recent trading activity has seen a notable volume of approximately $124.68 million in the past 24 hours. Volume spikes at key price levels often validate trend reversals, adding weight to the bullish projection.
Additionally, historical price movements suggest that similar accumulation phases have resulted in substantial upswings. If FIL follows this pattern, traders could see a significant price appreciation in the near term.
A key level at $3.50 is highlighted by The Crypto Titan’s analysis; a hold above this level supports a positive reversal. On the other hand, this scenario can be rendered worthless by a decline below $3.00, which might cause the price to move closer to $2.00.
The accumulation phase is supporting a possible breakout, and general sentiment is still cautiously hopeful. Should the demand zone continue to absorb selling pressure, FIL could experience a strong upward move toward $6.50 and beyond. Market participants are closely watching the $3.50 level as a determinant of the next major trend direction.
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