FIL/USDT Positioned at a crucial support area. Bounce or Broke??

💎 FIL's market influence has recently been prominent. Currently, FIL is positioned at a crucial support area. Historical observations show that this area often acts as a strong foundation, usually leading to a bounce upon contact.

💎 If FIL successfully rebounds from this level, there's a potential for a resumption in its upward trajectory, aiming for the next significant resistance target.

💎 Conversely, if FIL fails to hold this support level and breaks through it, a bearish trend may emerge. This scenario could lead FIL towards the demand area, marking a critical juncture.

💎The demand zone is pivotal; for an upward trend to resume, FIL must not only bounce back but also regain and sustain levels above this support. A failure to achieve this could signify a continuation of the downward trend, possibly driving FIL towards a more robust support area at lower levels.