Filecoin (FIL) is demonstrating significant bullish breakout potential as whale accumulation intensifies and trading volumes rise. According to Coinotag, the cryptocurrency is forming a descending wedge pattern on the weekly chart, indicating a possible upward movement. Whale holdings have increased by over 32%, while the supply on exchanges has decreased by 15%, with trading volumes surpassing $1.4 billion. A breakout above the $3.80 resistance level could propel Filecoin towards a target of $71.46, marking the start of a new bullish cycle. This development suggests growing investor confidence and potential for substantial gains in the near future.