#加密领域市场回调 The recent pump of Filecoin has been quite fierce. Data from November 7 shows that it surged to $1.91, with a daily rise of 36.8%, directly reversing from a low of $1.38. The market capitalization has returned to $1.35 billion, and the 24-hour volume has piled up to $779 million—this turnover rate clearly indicates that there is new capital sweeping in.
From a technical perspective, it's quite clear: after the price broke through the previous resistance level of $1.80, the RSI indicator formed a golden cross, and the MACD histogram also started to increase. In the short term, if there is a pullback, the area around $1.70 may form a support zone. However, everyone understands the volatility of the crypto market, and below $1.60, the trend needs to be reassessed.
The fundamentals are more interesting. The storage capacity of the Filecoin network has surpassed 35 EiB, which is considered a leading level in the distributed storage sector. Coupled with the DePIN Day event held in Latin America on November 18 (in which the Filecoin Foundation is participating), the narrative of the entire decentralized physical infrastructure network is starting to heat up. The demand for censorship-resistant data storage in the Web3 era is evident, and the integration of the IPFS protocol keeps Filecoin competitive in this sector.
Some institutions have predicted an average price of $2.8 in November (CoinGecko community is discussing), but this kind of prediction is just a reference. If Bitcoin can stabilize at $70,000, altcoins will generally have room for performance, and $FIL , as an established DePIN project, theoretically can also benefit. However, one should still have a bear market mindset—any cryptocurrency that breaks through key support levels could trigger a chain of selling pressure.
What do you think about the rotation of the DePIN sector? Can we still chase at this position $FIL ?