Over the past month, FIL has experienced a –14 % decline, weighed down by prolonged bearish momentum—falling about 60 % over the previous six months . In the past week alone, it dropped ~3.6 % . On shorter-term charts, its price is hovering below critical moving averages: 50‑day and 200‑day SMAs are both sloping down, signaling ongoing weakness .
Technical indicators show neutral-to-bearish sentiment: daily RSI around 41 and bearish MACD align with consolidation between $2.44–2.62 . On the upside, breaking above ~$2.78–2.80 with increased volume could shift momentum toward $3.06–3.23 . However, a slip under support near $2.43–2.49 risks further decline toward $2.11–2.24 .
Forecasts for mid‑2025 vary, ranging from $2.40–2.60, with some projecting modest upside to $3–4 if macro conditions improve . Bullish long‑term scenarios emphasize institutional adoption and the rise of decentralized storage, targeting prices significantly higher post‑2026 .
In summary (160 words): FIL is in a bearish consolidation phase with key resistance near $2.78 and support around $2.44. A breakout could trigger a recovery toward $3+, while a breakdown may push it below $2.24. Short‑term forecasts remain subdued ($2.4–2.6), but long‑term potential hinges on broader adoption and macro sentiment.
