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Filecoin (FIL) is witnessing a significant bullish momentum driven by growing Total Value Locked (TVL) and positive trader sentiment across major exchanges.
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With FIL’s price climbing over 10% in the last day alone, traders are closely monitoring its performance as it approaches key resistance levels.
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“As FIL approaches the psychological $100 million TVL threshold, surpassing this milestone could trigger significant capital inflow,” noted COINOTAG analysis.
This article explores the recent rally of Filecoin, driven by rising TVL and bullish market sentiment, suggesting potential for continued growth.
Growing TVL could drive further growth
Filecoin’s Total Value Locked (TVL) has seen a remarkable surge, increasing from $67.17 million to $92.91 million in just a week. This notable rise highlights the growing interest and adoption of Filecoin’s decentralized storage solutions.
TVL is a critical indicator reflecting the total number of tokens deposited, staked, or locked in the network’s protocols. An increasing TVL often signifies investor confidence, leading to positive price movements. As FIL nears the psychological barrier of $100 million in TVL, the potential for a breakout increase in asset price becomes more plausible.
Source: DeFiLlama
Breaking above the $100 million threshold could serve as a strong bullish signal, tempting more investors to enter the market and potentially driving FIL’s price significantly higher.
Binance and OKX traders fuel FIL’s rally
Analysis from Coinglass indicates a strong bullish sentiment among traders on Binance and OKX, with the Long-to-Short ratio reflecting this optimism. Currently, Binance has a ratio of 2.72 and OKX at 2.64, indicating that the majority of traders anticipate a continuing rise in FIL’s price.
This fervor among traders is not only contributing to the current price surge but may also provide momentum for FIL to maintain upward momentum in the face of resistance. The Long-to-Short ratio is a vital metric, as a value greater than 1 suggests a predominantly bullish outlook.
Will more long bets follow?
The recent spike in Open Interest by 21.1% signifies a growing number of unsettled contracts in FIL. This trend is accompanied by a substantial increase in trading volume, which surged over 200%, reaching $732.45 million, indicative of a robust and bullish market sentiment.
Source: Coinglass
This increase in Open Interest, coupled with heightened trading volume, suggests that traders are not just speculating passively but are actively positioning themselves for expected gains. If these trends persist, FIL’s price may continue to experience upward pressure, possibly overcoming critical resistance levels in the process.
Source: TradingView
Read Filecoin’s [FIL] Price Prediction 2025–2026
Analysis of the 1-week chart reveals signs of a sustained bullish trend for FIL. If current momentum persists and FIL breaks through the $6.97 resistance level, it could witness a remarkable increase of 143.37%, potentially reclaiming prices near $16.79 in the foreseeable future.
Conclusion
In summary, Filecoin’s current market activity points to a potential continuation of its bullish trend. The synergy between rising TVL, increased Open Interest, and trader sentiment favors ongoing price appreciation. However, as always, monitoring key resistance levels will be crucial for investors looking to capitalize on this momentum.
