【Old Leek Watch】 $FIL
🔥 FIL suddenly saw a surge in volume, and October 15 could bring a turning point in supply. FIL hit a high of around $1.20 today, at one point gaining more than 10% in 24 hours.
But the real thing to watch isn't that 10%. Filecoin's final large-scale vesting tranche will end on October 15. This vesting currently releases about 66.6 million FIL per year.
After it ends, new supply is expected to drop by about 75%.
More importantly, FIL's trading volume surged directly to around $234 million today, up about 349% from the previous day.
Supply is set to tighten, while capital has already started flowing in ahead of time.
Entry: $1.10–$1.15
Take profit: $1.22 / $1.30 / $1.40 / $1.52 / $1.68
Stop loss: $1.04
A high-volume breakout above $1.22 would be the real signal that more upside is opening up.
🔥 FIL suddenly saw a surge in volume, and October 15 could bring a turning point in supply. FIL hit a high of around $1.20 today, at one point gaining more than 10% in 24 hours.
But the real thing to watch isn't that 10%. Filecoin's final large-scale vesting tranche will end on October 15. This vesting currently releases about 66.6 million FIL per year.
After it ends, new supply is expected to drop by about 75%.
More importantly, FIL's trading volume surged directly to around $234 million today, up about 349% from the previous day.
Supply is set to tighten, while capital has already started flowing in ahead of time.
Entry: $1.10–$1.15
Take profit: $1.22 / $1.30 / $1.40 / $1.52 / $1.68
Stop loss: $1.04
A high-volume breakout above $1.22 would be the real signal that more upside is opening up.
