Filecoin price breakout (FIL) could trigger a 1700% rally, predicts a top trader.

The post 'Filecoin price breakout (FIL) could trigger a 1700% rally, predicts a top trader' first appeared on Coinpedia Fintech News.
The decentralized storage token Filecoin (FIL) has just reignited the market after rising 110% in one day and 51% the next. Traders say this could be the start of something big.
According to a leading crypto analyst, if the breakout confirms, Filecoin could target $64, a potential rally of 1740% from its current price near $3.30.
Filecoin on the verge of a major breakout.
According to Captain Faibik, Filecoin (FIL) is about to break out of a multi-year bearish coin pattern, a classic bullish reversal setup forming since 2021.
For over two years, the price of Filecoin has been trapped between two descending trend lines, a structure often seen before a major upward move.
Recently, the Filecoin token climbed from $1.8 to $3.9 before calming down and stabilizing around $3.3. Since then, buyers have shown renewed confidence, returning after a long period of hesitation.
The $3.6 level, which previously blocked every rally attempt, has turned into a solid support zone, creating a new base for the FIL token price.
Filecoin is expected to rally 1700%
A deeper look at the Filecoin (FIL) chart reveals a strong rebound from the lower boundary of the coin pattern, supported by high trading volume, a sign of renewed accumulation and improved market sentiment.
According to Captain Faibik, if Filecoin manages to break the key resistance at $3.9, it could trigger a major breakout. His analysis projects a medium-term target of $64, which would represent an impressive 1740% increase from its current price range.
If this breakout occurs, Filecoin could turn long-term resistance into support and attract a wave of FOMO-driven buying. After years of decline and stagnation, such a move could finally bring Filecoin back into the spotlight as one of the top-ranked altcoins in the market.
Fundamentals add fuel to the fire
Beyond charts, the growing use cases of Filecoin in decentralized data storage and AI infrastructure add weight to the bullish outlook. As demand for scalable and censorship-resistant storage increases, FIL could benefit from both utility-driven adoption and technical momentum.