FIL struggles near $1 as technicals turn bearish: weekly report

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Filecoin falls 6.29% this week

Highlights

Filecoin remains under persistent downside pressure, trading below key moving averages and facing sustained seller dominance.
Momentum indicators are broadly bearish, showing weak trend strength and only mild oversold conditions, with no buy signals present.
FIL is expected to trade between $0.90 and $1.07 this week, with greater risk of further declines if selling intensifies.

Bithumb suspension shapes sentiment as network upgrade prompts uncertainty

South Korean cryptocurrency exchange Bithumb has temporarily suspended deposits and withdrawals of Filecoin due to a scheduled network upgrade. The suspension began at 9:00 a.m. UTC and will last until the upgrade is completed and the network is stable, with no restart time provided. Such upgrades are routine and intended to improve network performance.

Bearish technical bias deepens with weak momentum over the week

On the weekly chart, technical signals for FIL remain bearish. The MACD shows a strong sell bias and the ADX points to a weak trend structure, while the RSI at 41.84 and CCI at -31 reflect mild oversold conditions that are not yet extreme. The Stochastic RSI is near neutral, and both Bull/Bear Power and the Awesome Oscillator reinforce the dominance of sellers; price is contained within the middle of the weekly range, below all major moving averages.

Sideways range expected as breakout risk remains limited next week

For the next 7 days, FIL is most likely to trade sideways within a range of $0.90 to $1.07, based on current volatility and technical structure. There is a less than 20% probability of a sustained upward move, as none of the primary weekly indicators register buy signals. A bullish scenario would require closing above $1.07, while an acceleration in selling could see prices test or break below the $0.90 support zone.

Viktoras Karapetjanc, expert at Traders Union, sees that Filecoin faced notable downward pressure this week, highlighted by its drop below the key MA-20 and the dominance of seller momentum. He believes that, despite weak near-term structure, the network upgrade news signals that underlying development and adoption continue in the sector, which is encouraging for medium-term sentiment. Although most indicators remain bearish, oversold signals are starting to emerge and volatility remains constructive within the $0.90–$1.07 range. The analyst expects stabilization with opportunities for strategic accumulation, especially if the price can reclaim the $1.07 level. "In my view, Filecoin's technical reset and ongoing network improvements lay solid groundwork for a potential rebound — the coming week favors patient bulls looking for positioning opportunities on signs of renewed strength."

Earlier, analysts noted that Filecoin was struggling under persistent medium- and long-term bearish momentum, with weak buy-side signals dominating the outlook. The latest price decline below the MA-20 and ongoing network-related disruptions reinforce this view, and traders should closely monitor the $0.90 support zone as a breach could open the door to further downside risk.

Source of Data: FIL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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