Date: Mon, Sept 01, 2025 | 09:20 AM GMT
The cryptocurrency market is regaining ground as Ethereum (ETH) climbs to $4,475 from its 24-hour low of $4,362, marking a 2.50% daily gain. Alongside this recovery, several altcoins are also showing fresh upside momentum — including Filecoin (FIL).
Today, FIL is up nearly 6%, and more importantly, its chart is hinting at a potentially major bullish setup that resembles a historical fractal pattern which previously led to a massive rally.
Fractal Setup Hints at a Bullish Reversal
On the daily chart, FIL has been consolidating inside a broad falling wedge — a long-term structure typically linked with accumulation phases and eventual bullish breakouts.
Back in late 2024, FIL staged a striking reversal from this same pattern. After bouncing off its wedge support, it reclaimed the 100-day moving average, broke out of its correction zone (highlighted in red), and pushed through the 200-day moving average. That sequence triggered a 117% rally, carrying the price all the way to the wedge’s upper boundary.
Now, the resemblance is hard to ignore.
Currently, FIL is once again pressing near the 100-day moving average ($2.487) and testing the wedge resistance zone. Just as before, this positioning suggests growing bullish momentum that could be the prelude to a breakout.
What’s Next for FIL?
If FIL repeats its historical fractal behavior, the key triggers to watch are:
- A decisive breakout above the 100-day MA.
- A sustained reclaim of the 200-day MA (currently near $2.69).
Clearing these levels could unlock a rally toward the upper wedge boundary around $3.80+ — marking a gain of more than 50% from current levels.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.