Filecoin (FIL) is retesting a crucial bullish breakout as market volatility persists, influenced by the US Federal Reserve meeting. After trading within a falling wedge pattern, FIL found support at $2.20 and confirmed a breakout at $2.43, reaching a high of $2.64 near the 200-day moving average. The token is now retesting the breakout trendline around $2.43, with the outcome potentially determining its next major move. A successful hold of the trendline support could propel FIL back towards the 200-day moving average and the $2.64 local high, possibly sparking a rally towards the $3.20–$3.25 range. Conversely, failure to maintain the trendline could see FIL return inside the wedge, postponing the bullish outlook.