Filecoin (FIL) Price Surges After Breaking Key $1.29 Resistance Level

The Filecoin (FIL) cryptocurrency has demonstrated significant upward momentum, successfully surpassing a crucial resistance zone at $1.29. This technical breakout indicates a potential shift in market structure and has triggered increased buying activity. Analysts are now monitoring the next resistance levels as FIL's price continues to climb, with the move suggesting growing investor confidence in the decentralized storage network's token. The breach of this key level is seen as a bullish signal for the short to medium-term trajectory of the Filecoin price.