Technical analysis by AndeWave about Symbol FIL: Sell recommendation (2/1/2025)

FILUSDT has a strong downtrend. Against the backdrop of a strong bitcoin rally and an active altcoin season, FIL failed to realize itself. At the moment, the price has tucked into the strong resistance of 4.900 and failed to overcome it. At the same time, bitcoin is forming a locking bearish formation and any small impulse can trigger a bearish impulse in FILScenario: FIL is consolidating below the level after the false breakout of 4.900. But there is a local support on the chart that could reinforce selling - 4.700. If the coin breaks this level and consolidates below it, I would expect a fall to 4.1 in the short to medium term