Summary
TLDR: Filecoin (FIL) price reaches $8.45, highest since February 2023. Breaks out from resistance trend line, bullish RSI. Analysts predict further price increase, $10 next target. Daily time frame supports upward movement with potential short-term decrease. Closing below $7.60 could trigger downward movement. Always conduct own research before making financial decisions.
Key Points
1. The Filecoin (FIL) price reached a high of $8.45 today, the highest price since February 2023.
2. FIL broke out from a descending resistance trend line and moved above a horizontal resistance area.
3. The technical analysis of the weekly time frame shows the FIL price had fallen under a descending resistance trend line for 570 days before finally breaking out and reaching a high of $8.48.