Filecoin’s current bounce is encouraging, but the coin remains under pressure from its larger downtrend (–50% YTD). Holding above $2.50 support could allow buyers to target $2.70–$2.80 in the short term. A failure to stay above $2.50, however, may lead to a retest of $2.38.

⚡ For now, $FIL is trying to prove it still has strength left in this market but traders should watch closely for confirmation of trend continuation.