Date: Tue, Aug 12, 2025 | 08:20 AM GMT
The cryptocurrency market is making a strong bullish wave as Ethereum (ETH) crossed the $4,300 mark for the first time since 2021. This impressive 45% monthly surge has injected fresh momentum into major altcoins— yet Filecoin (FIL) appears to be lagging behind.
Despite the broader bullish sentiment, FIL is in the red for its monthly performance. However, a closer look at the charts reveals something potentially far more significant — a bullish fractal setup that closely mirrors a past pattern which preceded a massive rally.
Fractal Setup Hints at a Bullish Reversal
On the daily chart, FIL has been trading within a broad falling wedge — a long-term formation often associated with accumulation phases and eventual bullish breakouts.
Back in late 2024, FIL bounced from its downtrend, reclaimed the 100-day moving average, and broke out of the correction zone (highlighted in red). After crossing above the 200-day moving average — a milestone marked in a blue circle — FIL went on a blistering 117% rally, reaching the wedge’s upper boundary.
Fast forward to now, and the resemblance is striking.
FIL is once again hovering just below a key confluence zone — the 100-day moving average and the resistance trendline. This setup looks eerily similar to the pre-breakout phase of the last rally.
What’s Next for FIL?
If history rhymes, a breakout above both the 100-day MA and the descending resistance of correction phase, followed by a reclaim of the 200-day MA (currently near $2.83), could ignite a strong push toward the upper wedge boundary — potentially targeting the $3.80+ zone.
And should FIL break out from the falling wedge entirely, the move could open the door to a much larger bullish advance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.