Ladies and gentlemen, this just caught my eye. It's one of my favorite types of patterns, incredibly reliable, and this one has so much upward potential and is actually an extremely great idea, decentralized cloud storage on a Blockchain, this is industry disrupting stuff, and I just learned that the entire Solana ledger is now stored on the File Coin network... Sounds like a pretty big deal.
Now might be a good time to buy around seven dollars, but it is just a wee bit too over bought for me, expanding up just a little too fast and I'm looking for a retracement to 6.25 before I dump everything and jump in. And I will, this one looks perfect from a chart standpoint to me. Got my finger on the trigger. $6.25 to potentially $17 is 172%
6.25 to $10 first test for pullback. This is happening across a huge number of charts right now, this general pattern, they're all popping off one by one… No guarantee this will come back down to 6.25 but I need more confirmation before I jump in this high.
From ChatGPT:
Filecoin (FIL) has recently experienced several positive developments:
1. Industry Recognition
Fast Company's Next Big Thing in Tech: The Filecoin Network was honored in Fast Company's fourth annual "Next Big Things in Tech" list, highlighting its significant impact on decentralized artificial intelligence. FILECOIN 2. Network Enhancements
NV24 Upgrade: The Filecoin network implemented the NV24 upgrade, introducing critical improvements in security, developer functionality, and economic stability. FILECOIN 3. Strategic Collaborations
Solana Ledger Integration: In collaboration with Triton One and Dcent, the entire Solana ledger is now securely stored on the Filecoin Network, marking a significant step in cross-chain data storage solutions. FILECOIN 4. Market Performance
Price Recovery: FIL has shown a 142% increase from its lowest point this year, trading at around $7. Analysts predict a potential surge to $30 in the ongoing bull run, indicating growing investor confidence. INVEZZ
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.