Filecoin has been stuck in a long cooldown for months, but the mood around FIL suddenly feels different.
After sliding toward the low $2 range, the chart is starting to look like it’s finally settling down and analysts who follow the project closely are beginning to say this might be the turning point.
The big question now is whether the FIL price is actually bottoming out or simply catching its breath before the next move.
Analysts Think FIL Is Sitting in a “Millionaire-Maker Zone”
The conversation really picked up when StephisCrypto posted a chart calling the current FIL range a “millionaire-maker” zone.
In his view, the Filecoin price is entering a spot where outsized gains can happen quickly if momentum flips. His projection shows a massive potential upside, more than 8,100%, and while that’s obviously an extremely bold target, it explains why this area has so many eyes on it.
The long-term weekly chart actually supports the idea that FIL is sitting in an important region. The FIL price has been grinding lower for a long time, but each dip into the $1.80 to $2.10 zone has attracted steady buying.
It’s the kind of the slow, quiet accumulation you tend to see before a larger trend shift, not the panic selling you’d expect if the floor were about to fall out.
Technical Signs Point Toward a Possible FIL Bottom
The optimism isn’t just coming from aggressive long-term calls. Trader LongTerm also shared a chart indicating FIL “looks like the bottom of the dip is in.”
The structure supports that idea. On lower timeframes, the selling pressure has faded, candles are tightening, and the downtrend isn’t steepening anymore.
Even the RSI is starting to turn upward after spending a while in oversold territory, which is usually one of the early hints that momentum could be shifting.
The shorter-term chart shows the FIL price trying to carve out a base, and the yellow moving average that acted as firm resistance for weeks is finally flattening out, a small detail, but an important one when you’re looking for bottom signals.
Volume hasn’t disappeared either. There’s no sign of traders abandoning ship. Instead, it looks like everyone is waiting to see whether this level holds.
What’s Next for FIL?
For the FIL price to really confirm the bottom, it needs to climb back above roughly $2.50. That would show buyers are willing to step back in and push the price through the middle of this big accumulation zone.
If that happens, the next major target sits near $3.40, where previous reversals formed. If the overall market picks up and Filecoin truly has found its floor, the move off this level could be huge.
Whether or not it turns into the “new millionaires” moment some are predicting, the setup looks more interesting now than it has in months, and the next few days should reveal whether this bounce has real legs.