Date: Sat, Sept 13, 2025 | 11:25 AM GMT
The cryptocurrency market continues to show strength amid expectations of potential US Federal Reserve rate cuts, with Ethereum (ETH) reclaiming the $4,700 mark today. Alongside this, several major altcoins are flashing bullish signals — including Filecoin (FIL).
FIL has turned green with a 12% gain over the past week, and more importantly, its chart is now displaying a harmonic structure that could set the stage for further upside momentum.
Harmonic Pattern Hints at Potential Upside
On the daily chart, FIL has formed a Bearish Butterfly harmonic pattern. Despite its name, this setup often unfolds with a bullish rally in the CD leg before price action approaches the Potential Reversal Zone (PRZ).
The pattern began at Point X ($3.304), dropped to Point A, rallied to Point B, and retraced to Point C near $2.134. From there, FIL regained strength and is now trading around $2.605, reclaiming its 100-day moving average, which shows resilience and steady upside momentum.
The immediate test lies at the 200-day moving average ($2.633). A decisive breakout above this level would likely confirm renewed bullish momentum.
What’s Next for FIL?
If bulls manage to defend the 100-day MA and push FIL above the 200-day MA, the token could extend its rally toward the PRZ zone between $3.669 (1.272 Fibonacci extension) and $4.133 (1.618 extension). Historically, these levels are where the Butterfly pattern completes, making them critical upside targets.
On the downside, if FIL loses its 100-day MA support, the bullish setup would weaken, opening the door for another phase of consolidation.
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