Filecoin (FIL) is trading near the lower end of its recent range, consolidating around an area after an extended corrective move from November highs. Market conditions across cryptocurrency have stabilised in recent sessions, and while broader sentiment remains cautious, price action in FIL suggests selling pressure may be slowing as the asset hovers near a historically relevant support zone.

Filecoin technical analysis

FILUSD - 1 Day Time Frame

From a technical perspective, the 1.30 level stands out as a key support, reinforced by multiple recent reactions and now marked as a major reference point on the chart. This area has so far absorbed downside attempts, indicating that buyers may be willing to defend this zone. As long as price remains above this support, downside risk appears more contained, though a sustained break below it would weaken the near-term structure.

On the upside, the 1.40 level acts as a trigger area, where a successful reclaim could open the way for a broader recovery move. Above this threshold, price may enter the 1.40–1.64 range, highlighted on the chart as a light blue zone. This area represents a potential expansion range rather than immediate resistance, though price may slow or consolidate as it approaches its upper boundary.

The 1.64 region aligns with an intermediate resistance, where previous reactions suggest supply could emerge. A stronger recovery would likely require a clear move beyond this zone. Above it, the 2.10 level remains the major resistance, having previously acted as support through August, September, and October. A revisit of this level would signal a more meaningful shift in market structure, though such a move would likely depend on broader market strength.

Filecoin price target

If Filecoin holds above the 1.30 support and manages to reclaim 1.40, price may gradually work its way into the 1.40–1.64 range. A sustained move above 1.64 could allow for a test of the 2.10 resistance over time, while failure to hold current support would keep FIL vulnerable to further consolidation or renewed downside.