FIL Rectangle

FILUSDT has been trading in a rectangle since August 2022. It recently below the demand zone, swept liquidity to $2 and regained support.

Key Levels to Watch
• $2.4-$3.0: Support and multi-year demand zone, recently tested and regained.
• $10.5-$11.8: Resistance and multi-year supply zone.

Measured Rectangle Targets
• Breakout: $20.0, also a support dating back to December 2020.
• Breakdown: $0.5

Filecoin is still lagging behind other alts, but, if you're looking for something you don't need to chase, it could already offer a nice long entry, with interesting R/R and a clear invalidation (lower low below $2.0).