Filecoin Maintaining The Bullish streak

Similar to Bitcoin's trajectory, Filecoin has settled into a sideways movement after its sharp rise. Presently, the asset is navigating within a horizontal range, with support at $3.72 and resistance at $3.97. It's also important to consider the sellers' psychological barrier at $4.

The dominant projection is a continued rise. Beyond current resistance lies a target of $4.13, which may likely be the next high if the upward trend remains intact.

Should Bitcoin face a downturn, it might pull the FIL price toward the support area of $3.52-$3.63, and potentially to the levels of $3.44 and $3.36. As long as BTC maintains a position above $30,000, all altcoins, FIL included, appear set on updating their annual highs. On the Filecoin chart, this peak represents a 280% increase from its present price.