Filecoin (FIL) Jumps 6% – Bulls Hit a Wall at $2.41 Resistance
Filecoin's FIL token just ripped a 6% rally—only to smack into stubborn resistance at $2.41. Here's what's fueling the surge... and why traders are now sweating the next move.
Decentralized storage's dark horse wakes up
FIL's sudden pop suggests dormant demand for decentralized cloud storage solutions. With AWS outages still fresh in institutional memory, whispers of 'hedging with Web3 infra' are getting louder.
The $2.41 ceiling – make or break
That resistance level isn't just psychological—it's where paper-handed retail traders historically dump bags. If FIL punches through, shorts could get vaporized. If not? Another case study in 'crypto pumps need diamond hands.'
Meanwhile in TradFi land... hedge funds still think 'blockchain' is just a fancy Excel spreadsheet.