FIL has been rejected from the $1.20–$1.26 resistance zone several times, and so far, buyers haven't been able to break through it. This is a level worth watching closely because every attempt to move higher has faced selling pressure.
If FIL gets rejected here again, especially if it breaks below the rising trendline, I’m watching $0.96 as the next support level. If that level fails to hold, price could move further down toward $0.81, which is another important support zone on the chart.
For now, I want to see how price reacts around this resistance. A strong breakout above $1.26 could change the outlook, but another rejection may lead to another move lower. The next move depends on how price behaves at these key levels.
#FIL #Filecoin #CryptoTrading #LEO524
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