$FIL just did something it hasn't done in over two years.
For a long time, this chart looked flat-out dead.
Down over 99% from its 2021 highs.
Stuck in a tight, low range for 2+ years while nobody watched.
This week, a few things lined up:
•Price broke out of that multi-year range with a +22% weekly candle
•Volume spiked well above its 5 and 10-week averages
•OBV, which had been grinding lower for months, just turned up
One green week doesn't confirm a trend reversal. But price, volume, and OBV moving together at the same time is rare on this chart.
Watch: whether FIL holds above the breakout zone on the next pullback, or fades back into the old range like every bounce before it.
Invalidation: a weekly close back under the recent lows (~0.88–0.90) puts this right back in "same old range" territory.
Accumulation, short squeeze, or exhaustion spike before the next leg down — what's your read? 👀
#FIL #Filecoin #Crypto #CryptoTrading #Altcoins
For a long time, this chart looked flat-out dead.
Down over 99% from its 2021 highs.
Stuck in a tight, low range for 2+ years while nobody watched.
This week, a few things lined up:
•Price broke out of that multi-year range with a +22% weekly candle
•Volume spiked well above its 5 and 10-week averages
•OBV, which had been grinding lower for months, just turned up
One green week doesn't confirm a trend reversal. But price, volume, and OBV moving together at the same time is rare on this chart.
Watch: whether FIL holds above the breakout zone on the next pullback, or fades back into the old range like every bounce before it.
Invalidation: a weekly close back under the recent lows (~0.88–0.90) puts this right back in "same old range" territory.
Accumulation, short squeeze, or exhaustion spike before the next leg down — what's your read? 👀
#FIL #Filecoin #Crypto #CryptoTrading #Altcoins
