$FIL Broke $1 — But the Tape Is Screaming Distribution

FIL at ~$1.09, +22.3% 24h. Volume $282M (31.3% of mcap). Breakout.

🔥 Catalyst: Oct 15 vesting ends. Supply ~88M → ~22M FIL (-75%). Biggest supply shock since mainnet.

📊 Bull: Price above SMA 7/20/50 + EMA 12.

⚠️ Bear (louder):
• RSI 79.2 — overbought
• Taker buy/sell ratio 0.89 — sellers dominating
• OI -13% in 24h — longs closed
• 74.2% of traders long — crowded

Deeper read: Breakout + distribution = narrative priced in. Not accumulation.

Bottom line: Oct 15 is real, but market front-ran it. Watch for unwind.

Not financial advice. DYOR.

$FIL #Filecoin #DePIN #BinanceSquare