Filecoin (FIL) Analysis

Current market information: • Current price: $5.13 • Market capitalization: $3.14 billion USD (ranked #50 in the market) • 24-hour trading volume: $993.93 million USD (very high, indicating significant market interest) • Circulating supply: 613.11 million FIL (out of a total maximum supply of 1.96 billion FIL) • All-time High (ATH): $236.84 (down 97.83% from ATH on 1/4/2021) • All-time low (ATL): $2.64 (up 95.03% from ATL on 16/12/2022) Technical analysis and prospects:

1. Short-term trend: • The price has dropped sharply in the past 24 hours, with a decrease of 8.71%, reflecting short-term negative sentiment or technical selling pressure. The lowest 24-hour price area ($4.95) indicates the nearest support level that needs to be maintained. If broken, the price may undergo a deeper correction.
2. Trading volume: • The trading volume of nearly 1 billion USD shows a very high level of interest and liquidity. This is consistent with the possibility of the price preparing for a major breakout, especially if the market is undergoing positive changes.
3. Important resistance and support zone: • Support: $5.00 and $4.95 • Support: $6.50 and $10.00 (a strong breakout is needed to confirm the long-term uptrend)
4. Price history comparison: • With a significant decrease from ATH ($236.84), FIL is still in a long-term accumulation phase. However, the current price is considerably higher than ATL ($2.64), reflecting significant buying pressure at the bottom.
5. Long-term factors: • Decentralized storage demand: Filecoin has a strong use case in decentralized data storage, especially as Web3 and DeFi projects expand. • Maximum supply: With a fixed maximum supply, long-term inflation reduction can support value. Please provide the text to be translated. Conclusion: • Short-term prospects: The market may continue to fluctuate in the range of $4.95-$6.50, it is necessary to closely monitor trading volume to confirm any reversal signals. • Mid and long-term prospects: If the overall cryptocurrency market improves, FIL's price may break through key resistance levels ($10.00 and $16.80 as shown in the chart). These price levels could bring significant profits to investors. Trading strategy recommendation:
6. Place a buy order: When the price surpasses the $6.50 zone with significant volume, confirm the uptrend.
7. Stop-loss: Set at $4.80 to protect capital when the market does not move as expected.
8. Objective: Mid-term $10.00, long-term $16.80-$28.15. $FIL {spot}(FILUSDT)