Filecoin saw a strong bounce from the $1.17 lows, climbing back to $1.34—definitely a relief after the selloff. However, the picture remains incomplete. Real conviction kicks in once we break past $1.40. That's where I'd start considering this a genuine reversal rather than just a mean reversion play. Until then, we're still dancing below that critical resistance zone. $1.40+ needs to hold; otherwise, it's just noise.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
3
Repost
Share
Comment
0/400
LayerZeroHero
· 13h ago
Reaching the 1.40 level is correct; without breaking through, there can be no new beginning, otherwise it would just be a false alarm.
View OriginalReply0
GmGmNoGn
· 13h ago
1.40 is still a hurdle that must be overcome; otherwise, it's just a scam.
View OriginalReply0
StopLossMaster
· 13h ago
1.40 is the true man's position, but for now it's just a feint.
Filecoin saw a strong bounce from the $1.17 lows, climbing back to $1.34—definitely a relief after the selloff. However, the picture remains incomplete. Real conviction kicks in once we break past $1.40. That's where I'd start considering this a genuine reversal rather than just a mean reversion play. Until then, we're still dancing below that critical resistance zone. $1.40+ needs to hold; otherwise, it's just noise.