Filecoin (FIL) is exhibiting a potential bullish fractal pattern on the 1-hour chart, reminiscent of a setup that led to a 119% rally earlier this month. The cryptocurrency recently dipped below its 50 and 100-hour moving averages, testing the $2.15 support level, which may indicate an accumulation phase. A recovery above the $2.25 and $2.44 moving averages could trigger a short-term reversal, potentially driving FIL's price towards $3.96. Conversely, a decline below $2.08 could negate this bullish outlook.