Filecoin (FIL) is trading near the 0.236 Fibonacci retracement level, a crucial support zone that traders are watching for indications of a trend reversal. The cryptocurrency has been in a multi-year downtrend, now compressed into a range between $1.30 and $2.10. Market capitalization has stabilized around $1.45 billion to $1.50 billion. Analysts suggest that a move above $2.32 could mark the beginning of an upward trend, with further gains possible if FIL surpasses the 0.5 Fibonacci level at $2.64, potentially reaching resistance levels between $3.40 and $4.00. Conversely, if the 0.236 support fails, the next support zone is anticipated between $1.60 and $1.30.