Technical analysis by VIPROSE about Symbol FIL: Buy recommendation (5/18/2025)

📊 Technical Analysis Summary – FIL/USDT🔸 Pattern Observed:Double Accumulation Range: Two clear consolidation phases are boxed out in the chart, showing accumulation at relatively equal support zones.Descending Support Line: The lower black trendline connects the major lows, creating a descending support structure, indicating compression and possible breakout setup.🔸 Price Action:Current Price: $2.787Pullback Expected: A minor dip within the current range is possible before a breakout.Projected Move: If this consolidation resolves bullishly, the projected target appears to be in the $8–$9 range, aligning with the black arrow on the chart.📈 Bullish Scenario (Likely Path)Retest support near $2.5–$2.6Breakout trigger on move above ~$3.2–$3.4Target zone = $8–$9 (from measured move potential)⚠️ Key Levels to WatchSupport: $2.50 (critical zone for accumulation)Resistance to break: ~$3.30–$3.50Macro Target: $8.50+✅ Conclusion:This chart shows a potential reversal from a prolonged downtrend, where the price is forming a classic reversal structure. Patience is key—a breakout above $3.5 would confirm the bullish move.