Technical analysis by CryptoNuclear about Symbol FIL: Buy recommendation (6/26/2025)

The FIL/USDT chart is showcasing a significant descending trendline that has been respected since its peak in late December 2024. Price action has recently approached this trendline again, and a potential breakout scenario is forming. This setup may signal a major shift in trend after months of persistent decline.🔍 Technical Analysis:Trendline Resistance:The long-term descending yellow trendline has capped every bullish rally since early 2025. A breakout above this trendline would be a major bullish technical signal.Support Level:Key horizontal support has been held at around $1.96, which has formed a strong base.Potential Breakout Projection:Upon breakout, $2.746 is the first resistance to watch.A successful retest of this level could lead to a stair-step rally targeting:$3.222$3.537$4.803$5.863$6.758And potentially $8.069–$8.425 if momentum continues.Bullish Pattern:The projected move shows a potential impulse wave pattern following the breakout, indicating staged profit-taking zones for traders.🧠 Strategic Consideration:A daily candle close above the trendline with volume confirmation would be the first sign of trend reversal.Conservative traders may wait for a retest of the trendline as support before entering.Targets can be approached progressively based on price action near each resistance level.⚠️ Risk Management:Watch for fakeouts near the trendline.A break below the key support of $1.96 would invalidate the bullish thesis.