$FIL is showing strong momentum, trading around $1.14 after a sharp move higher. The recent rally has been supported by altcoin rotation and a technical breakout, while Filecoin’s upcoming supply reduction in October is adding another catalyst to watch.

Strategy: I’d watch $1.09 as the key support. Holding above it keeps the bullish structure intact, while a clean break of $1.22 could open the door to further upside. If $1.09 fails, I’d expect a deeper pullback toward the $1.01 area.

Risk: $FIL has already moved fast, so chasing green candles can be risky. Wait for confirmation and manage position size.

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