🔷️ Falling Channel Compression: $FIL Holds Key Floor 📉
On the weekly timeframe, #FIL continues to consolidate inside a major blue descending channel structure while establishing a firm base atop the green horizontal support floor.
Price action is now tightening near the apex of this multi-month compression phase, with buyers consistently defending the green demand region. A decisive breakout through the upper blue descending trendline would signal a structural reversal, clearing the path toward the lower yellow horizontal level. ⚡
Maintaining structural integrity above the green support base remains critical for bulls to build the momentum required for a broader expansion toward the higher yellow supply regions above.
⚠️ Not financial advice.
#FIL #Filecoin #Crypto #Altcoins
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