Filecoin ($FIL) Poised To Reach New Annual

Filecoin continues its upward trajectory, recently setting a local high at $6.2. However, to reach its annual high, FIL needs to appreciate an additional 75%.

Such a scenario is feasible if the upward trend continues, including in Bitcoin's performance. The immediate task for buyers is to consolidate the asset’s price above the resistance zones of $5.61-$5.94 and $6.2.

Should FIL’s correction deepen, the coin might drop to buyer zones at $4.83-$5.08, $4.18-$4.50, and $3.94. The depth of any further decline will also depend on the BTC trajectory.