Technical analysis by BroLal about Symbol FIL: Buy recommendation (11/28/2025)

Trading at over 60% below the monthly high of $3.83, now at $1.62. Market presents a potential “Black Friday discount”, but technical structure remains critical. Descending Channel intact for over two weeks; price now testing the upper boundary with visible compression. Breakout conditions are forming. Fibonacci Structure Monthly low: $1.27 Price currently stuck between 0.0 and 0.236 Fib zones. $2.24 (0.236 Fib) is the first major structural reclaim. Breakout above $2.24 exposes upside toward $2.84 (0.382) → $3.33 (0.5) → $3.82 (0.618). Volume & Momentum Volume remains low, signaling end-phase consolidation. MACD tightening and rising – early trend shift potential. RSI at 43, still in prolonged oversold territory; pressure is building for a reversal. EMA Structure Price remains below EMA50 ($1.78) and EMA100 ($1.84). These EMAs act as critical dynamic resistances and the first bullish confirmation levels. Key Technical Levels Support: $1.48 (major horizontal support). Resistance: $1.78 (EMA50) → $1.84 (EMA100) → $2.24 (Fib 0.236) Conclusion Filecoin remains heavily discounted relative to its recent highs. Market structure is nearing a decisive moment; a breakout above the channel and EMAs would shift the trend in favor of buyers. Until confirmed, this is a high-risk accumulation zone, suitable only with clear invalidation. Trade Parameters Support zone: $1.48 Breakout confirmation: Sustained close above $1.84 Upside targets: $2.24 → $2.84 → $3.33 Risk controlled as long as $1.48 holds.