Weekly technical analysis of $FIL/USDT (#Filecoin)

Weekly technical analysis of FFIL/USDT (#Filecoin)

Current Price: $4.687, up 7.87%.

Pattern:

A falling wedge is observed, a bullish reversal pattern suggesting a potential breakout upward.
Key Targets:

T1 : $7.584
T2 : $9.985
T3 : $12.511

Price recently rebounded from a long-term support zone at the $4.00 level, strengthening the bullish outlook.