FIL needs to break through the short-term resistance level to confirm the upward trend. If it breaks through the short-term resistance level, it is expected to rise near the supply line in the short term.

Essentially, FIL is still focused on distributed storage, but it has latched onto the DePIN concept, and whether it can be widely recognized is still uncertain. Additionally, FIL has some issues:

The circulation rate is relatively low, facing continuous selling pressure;

The project lacks real revenue, and the token lacks value capture ability.

Currently, this wave of altcoin market is primarily driven by traditional capital, so how much FIL can rise in the long term will depend on whether there are publicly listed companies to manage FIL's treasury and if there is a chance for a FIL ETF.