Something interesting is happening in crypto right now. Projects that many traders had written off as relics of the last bull market are suddenly waking up. After months of quiet trading, Filecoin ($FIL) is showing signs of life again. It seems to be following the same explosive path that Internet Computer ($ICP) took just a day earlier.
It started with $ICP. On-chain data and exchange volumes showed a sharp surge after the Caffeine AI launch. The move sent its price soaring by nearly 28% in 24 hours, touching $7 with more than $1.2 billion in trading volume. That breakout was tied to a real narrative: AI infrastructure.
The launch showed how decentralized compute power could become a critical part of the next wave of artificial intelligence applications. In short, the AI boom needs storage, compute, and scalability, and Web3 has projects designed precisely for that.
That is where CryptoBoss on X, noticed the rotation. He pointed out that the same setup that pushed $ICP higher was now forming for $FIL, describing it as a “classic 2021-style rotation.”
Why $FIL Is Mirroring $ICP’s Breakout
According to CryptoBoss, Filecoin began moving almost exactly 24 hours after ICP surge. Its trading volume exploded past $480 million, and the token jumped nearly 29%, briefly crossing $1.90. On the chart, the pattern looks strikingly similar to ICP’s formation before its breakout.
The idea is simple: when traders see one “AI infrastructure” token take off, they rotate into the next one that looks undervalued. That rotation created a domino effect back in 2021, and we may be seeing that same behavior return now.
Both $ICP and $FIL belong to a category sometimes referred to as “DePIN,” short for decentralized physical infrastructure networks. They provide essential resources for decentralized AI projects: storage, computing power, and data management. Filecoin powers decentralized storage used by organizations like NASA, OpenAI, and the Internet Archive, while ICP focuses on compute resources for on-chain applications like Caffeine AI.
When AI demand surges, the tokens tied to these services tend to move in tandem, one leading, the other catching up.
What the Chart Shows About $FIL’s Potential Breakout
$FIL recently formed a falling wedge pattern, a bullish setup that often signals a reversal. After weeks of sideways consolidation, it finally broke above the upper resistance line, echoing the same technical signal $ICP showed before its massive move.
Yes, $FIL is indeed following $ICP's explosive move right now.
— CryptoBoss (@CryptoBoss1984) November 6, 2025
$ICP pumped first: +28% in the last 24h, hitting $7 after the Caffeine AI launch sparked massive volume ($1.2B+).
$FIL is right behind it: +28–29% today, breaking $1.90 with $480M+ volume. It's literally mirroring… pic.twitter.com/TKI4Nb5mq3
That breakout suggests that $FIL could be entering a new phase of recovery. The green arrow drawn on the chart represents what traders see as the potential continuation of this breakout. If momentum continues, the next major resistance levels sit around $2.20, $2.50, and possibly higher near $2.80, where previous highs formed.
Still, price action in crypto rarely moves in straight lines. Even if the breakout holds, the market will likely retest certain support areas before building further strength. That said, the structure and timing align perfectly with the rotation pattern CryptoBoss highlighted. $ICP first, $FIL next.
Why Traders Are Revisiting “Real Utility” Tokens
One reason for this renewed attention is narrative shift. After a long period where meme coins dominated headlines, traders are looking again at networks that offer tangible use cases. In this case, the focus is on AI infrastructure: the base layer that could support a growing number of decentralized AI tools.
Both Filecoin and Internet Computer have real-world integrations and strong developer ecosystems. They also share something in common: recognition from major tech players. NVIDIA has publicly mentioned the importance of decentralized compute networks, and partnerships with organizations like OpenAI add further weight to the idea that these platforms could play a bigger role in future AI deployment.
This mix of renewed attention, increased volume, and narrative relevance is what makes $FIL’s current move stand out. It feels less like speculation and more like traders rediscovering old projects that now fit perfectly into a new trend.
Could $FIL Be the Next to Lead the AI Trade?
The relationship between $FIL and $ICP isn’t new. They have often moved together because they represent complementary sides of decentralized data storage and computation. When CryptoBoss noted that $FIL lagged $ICP by roughly one day, it echoed what happened in the 2021 bull run, when capital often rotated from one narrative leader to the next.
If that same dynamic plays out again, Filecoin could become the next focus in the AI infrastructure trade. The pattern of rising volume, technical breakout, and narrative alignment supports that view.
Still, markets depend on momentum, and maintaining that requires follow-through. As of now, $FIL is showing the early signs that traders are positioning for that continuation.
The excitement around AI-linked cryptocurrencies has been building for months, but only recently has it started to translate into sustained price movement. Tokens like $FIL, $ICP, $RNDR, and $AKT form the backbone of this narrative, providing the data and computing layers that artificial intelligence applications need.