Trading at over 60% below the monthly high of $3.83, now at $1.62.
Market presents a potential “Black Friday discount”, but technical structure remains critical.
Descending Channel intact for over two weeks; price now testing the upper boundary with visible compression.
Breakout conditions are forming.
Fibonacci Structure
Monthly low: $1.27
Price currently stuck between 0.0 and 0.236 Fib zones.
$2.24 (0.236 Fib) is the first major structural reclaim.
Breakout above $2.24 exposes upside toward $2.84 (0.382) → $3.33 (0.5) → $3.82 (0.618).
Volume & Momentum
Volume remains low, signaling end-phase consolidation.
MACD tightening and rising – early trend shift potential.
RSI at 43, still in prolonged oversold territory; pressure is building for a reversal.
EMA Structure
Price remains below EMA50 ($1.78) and EMA100 ($1.84).
These EMAs act as critical dynamic resistances and the first bullish confirmation levels.
Key Technical Levels
Support: $1.48 (major horizontal support).
Resistance: $1.78 (EMA50) → $1.84 (EMA100) → $2.24 (Fib 0.236)
Conclusion
Filecoin remains heavily discounted relative to its recent highs.
Market structure is nearing a decisive moment; a breakout above the channel and EMAs would shift the trend in favor of buyers.
Until confirmed, this is a high-risk accumulation zone, suitable only with clear invalidation.
Trade Parameters
Support zone: $1.48
Breakout confirmation: Sustained close above $1.84
Upside targets: $2.24 → $2.84 → $3.33
Risk controlled as long as $1.48 holds.
Market presents a potential “Black Friday discount”, but technical structure remains critical.
Descending Channel intact for over two weeks; price now testing the upper boundary with visible compression.
Breakout conditions are forming.
Fibonacci Structure
Monthly low: $1.27
Price currently stuck between 0.0 and 0.236 Fib zones.
$2.24 (0.236 Fib) is the first major structural reclaim.
Breakout above $2.24 exposes upside toward $2.84 (0.382) → $3.33 (0.5) → $3.82 (0.618).
Volume & Momentum
Volume remains low, signaling end-phase consolidation.
MACD tightening and rising – early trend shift potential.
RSI at 43, still in prolonged oversold territory; pressure is building for a reversal.
EMA Structure
Price remains below EMA50 ($1.78) and EMA100 ($1.84).
These EMAs act as critical dynamic resistances and the first bullish confirmation levels.
Key Technical Levels
Support: $1.48 (major horizontal support).
Resistance: $1.78 (EMA50) → $1.84 (EMA100) → $2.24 (Fib 0.236)
Conclusion
Filecoin remains heavily discounted relative to its recent highs.
Market structure is nearing a decisive moment; a breakout above the channel and EMAs would shift the trend in favor of buyers.
Until confirmed, this is a high-risk accumulation zone, suitable only with clear invalidation.
Trade Parameters
Support zone: $1.48
Breakout confirmation: Sustained close above $1.84
Upside targets: $2.24 → $2.84 → $3.33
Risk controlled as long as $1.48 holds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.