📊 Filecoin (FIL) Market Analysis – Bullish Outlook Continues!
Filecoin has recently seen a significant move to the upside, and based on the Bull Market Valuation Tool, we are still in an undervalued zone—signaling further upside potential. Historically, this tool indicates that prices tend to rally from these levels, and that’s playing out as expected.
🔍 Key Reasons We Remain Bullish on FIL
✅ Valuation Tool: FIL remains undervalued (89% zone), meaning there's still room for growth before entering overheated territory (~90-100%)
✅ Price Structure: We’ve broken above a key resistance around $3.20, flipping it into support. This is a bullish confirmation
✅ Macro Indicators:
Total Crypto Market Cap is targeting $5.7T (currently at $3.2T)—we’re mid-cycle, not near the top
Altcoin Market Cap is bouncing off major support, aiming for $2.4T (currently $1.2T)
USDT Dominance is falling—investors are rotating from stablecoins back into crypto assets
🎯 FIL/USDT Trading Plan
📥 Entry Zone:
$3.20 – $3.40 (on pullbacks for optimal risk-reward)
🎯 Targets:
TP1: $4.80
TP2: $6.20
TP3: $8.50
🛑 Stop-Loss:
Conservative: $2.80
Aggressive: $3.00
📌 Summary
Filecoin remains one of the top altcoin setups based on macro and technical indicators. As long as we stay above $3.20 and valuation tools remain bullish, the upside potential remains intact.
📅 Keep watch on altcoin and total market caps, and monitor USDT dominance for any sentiment shifts.