🟦 $FIL is getting closer to a major technical decision.
Compared with our previous analysis, the descending wedge has compressed further and price is now much closer to the apex. The lower boundary has continued to act as support, while the upper trendline keeps pressure on the recovery.
What has changed is the degree of compression. Price is spending more time near the lower part of the structure instead of expanding lower, making the wedge increasingly important.
A breakout from the upper boundary would be the first meaningful structural confirmation. Until then, the descending wedge remains intact. 👀
⚠️ Not financial advice.
#FIL #Bitcoin #Ethereum #Crypto
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1September 1, 2026 3.3K 1
