Filecoin Price Surge: Will $10 Be Next

[Filecoin Price Hits One-Year High – Is $10 Next? 】FIL successfully broke out of the 570-day-old descending trendline and horizontal resistance zone, symbolizing an important reversal for Filecoin.From a technical analysis point of view, FIL began to rise after the low in December 2022, and finally broke through after many attempts, reaching the highest point since February 2023 at $8.48. If it continues to rise this weekend, its breakthrough success will be confirmed .The RSI is showing a bullish signal and the current reading is heading towards 70, signaling bullish control.Cryptocurrency analysts ColdBloodShill, BluntzCapital, and Captain Faibik are positive about FIL’s future, with Captain Faibik even predicting a nearly 200% rise.Daily chart analysis supports the continuation of the uptrend, with FIL breaking and closing above the $7.6 resistance, which is expected to provide support. According to the Elliott Wave Theory, FIL is currently in the third wave of its rise and is expected to rise again after a short-term correction.If upward momentum holds, the next target would be $10.3, which is about 30% above current prices. However, a close below $7.6 could trigger a move down to $6.5, a 20% drop.