$FIL
📈 Filecoin (FIL) breaks above $1.07 and jumps to $1.0898... will the momentum continue?
Just half an hour ago, FIL broke above the $1.070 mark, reaching a high of $1.0898 before quickly pulling back. The price is now holding at $1.0715. This sharp move reflects a strong influx of buying liquidity, coinciding with a roughly 75% drop in daily issuance following the end of the vesting period for the founding tokens on October 15, and the activation of the Solstice upgrade (FIP-0118), which ties rewards to real demand and burns unearned tokens.
🗺️ Support, resistance, and scenarios
Critical support: $1.070; a break below it could open the way to $1.065, then $1.060. First resistance: $1.0898 (the recent high); a breakout above it on strong volume could open the way to $1.095. Holding above $1.070 strengthens the chances of further gains, while failure to hold it could send the price back to test lower levels.
ℹ️ About the project
Filecoin is a decentralized storage network. The vesting period for the founding tokens has ended, reducing annual issuance from 89 million to approximately 21 million FIL, with potential token burns further reducing the total supply.
⚠️ Disclaimer: This is not financial advice. Stick to spot trading only and manage your capital carefully; the risks are high.
💬 If you found this post useful, I’d appreciate your support by reposting it and sharing it with anyone who might be interested 😊
Thank you for your trust and appreciation 💛
#CryptoAnalysis #TradingSignals #crypto #cryptotrade #fil
📈 Filecoin (FIL) breaks above $1.07 and jumps to $1.0898... will the momentum continue?
Just half an hour ago, FIL broke above the $1.070 mark, reaching a high of $1.0898 before quickly pulling back. The price is now holding at $1.0715. This sharp move reflects a strong influx of buying liquidity, coinciding with a roughly 75% drop in daily issuance following the end of the vesting period for the founding tokens on October 15, and the activation of the Solstice upgrade (FIP-0118), which ties rewards to real demand and burns unearned tokens.
🗺️ Support, resistance, and scenarios
Critical support: $1.070; a break below it could open the way to $1.065, then $1.060. First resistance: $1.0898 (the recent high); a breakout above it on strong volume could open the way to $1.095. Holding above $1.070 strengthens the chances of further gains, while failure to hold it could send the price back to test lower levels.
ℹ️ About the project
Filecoin is a decentralized storage network. The vesting period for the founding tokens has ended, reducing annual issuance from 89 million to approximately 21 million FIL, with potential token burns further reducing the total supply.
⚠️ Disclaimer: This is not financial advice. Stick to spot trading only and manage your capital carefully; the risks are high.
💬 If you found this post useful, I’d appreciate your support by reposting it and sharing it with anyone who might be interested 😊
Thank you for your trust and appreciation 💛
#CryptoAnalysis #TradingSignals #crypto #cryptotrade #fil