FIL Filecoin Double Bottom Chart Pattern

FIL (Filecoin) has shown an encouraging chart pattern with the formation of a double bottom, indicating the possibility of a bullish reversal. This pattern suggests that selling pressure may have reached a bottom, potentially leading to a shift in momentum.

With the double bottom pattern in play, FIL has the potential to experience an upward price movement, and your first price target of $5.60 seems within reach. As market sentiment improves and buying interest strengthens, FIL could witness significant price appreciation.

Looking forward to read your opinion about it!