$FIL is approaching a key resistance zone.
On the 4H chart, FIL has made a strong recovery from the $1.00 area and is now trading around $1.16, but price is once again facing the $1.20–$1.23 resistance zone.
This area has already triggered a rejection before, so I’m watching the reaction carefully.
If #FIL/USDT gets rejected again, a pullback toward the $1.05–$1.08 area would make sense before another attempt higher.
The bullish scenario becomes more interesting if price can break above $1.23 and hold it as support. That would show that buyers are finally taking control of this resistance.
On the 4H chart, FIL has made a strong recovery from the $1.00 area and is now trading around $1.16, but price is once again facing the $1.20–$1.23 resistance zone.
This area has already triggered a rejection before, so I’m watching the reaction carefully.
If #FIL/USDT gets rejected again, a pullback toward the $1.05–$1.08 area would make sense before another attempt higher.
The bullish scenario becomes more interesting if price can break above $1.23 and hold it as support. That would show that buyers are finally taking control of this resistance.
