⚓️ Filecoin ( $FIL ) is currently forming a falling wedge pattern on the weekly chart. Price has found support near the lower boundary. As long as it doesn't close below this support line on the weekly timeframe, the structure remains valid and could allow for upward price movement within the formation.

📊 Technical Snapshot:

MACD (Weekly): Slightly positive at +0.01 — suggests bullish momentum.

RSI: Around 54 — neutral zone, not overbought or oversold.

Moving Averages: Overall positive bias (11 buy signals vs. 1 sell).

Oscillators: Mixed signals, but no strong bearish pressure currently.

🧩 About Filecoin:

Filecoin is a decentralized storage network built on IPFS, enabling users to rent out unused storage and earn FIL.

It relies on innovative mechanisms like Proof-of-Replication and Proof-of-Spacetime for secure, verifiable storage.

Circulating supply: ~680 million FIL.

Current market cap: ~$1.62 billion.

As long as the structure remains intact and support holds, technical conditions may allow for further price recovery. Filecoin remains a key player in decentralized infrastructure.

This is not investment advice.

#FIL #Filecoin #crypto