Technical analysis by CryptoFiboTrends about Symbol FIL on 12 hour ago

FILUSDT FIL Trendline Test – Support Hold or Channel Break? Current trend: FIL's in a steep descending channel, slamming into the 1.95 support after rejection from 5.20 resistance—volume spike on the dip shows buyers scrambling 🛡️. Hold support? Probable yes; channel base and prior lows aligning for a potential hammer bounce. Breakout above resistance? Tough without 5.20 clear—needs strong close for 6-8% reversal pump 🚀. Dip risk? High to 1.80 if breaches, accelerating the downtrend. Target: Rebound to 2.30 on defense; downside 1.70 floor. Indicators tracking: RSI (29, extreme oversold), Trendline slope, and MACD divergence 📉. #FILTrading #CryptoChannel #FiboTrendCrypto