FILE token is caught between two forces. On-chain data shows large holders are buying near $1.13, while a forecasting platform gives the token a 69% chance of testing $1.25 resistance before December. The mixed signals leave traders guessing which direction the token will break.
Why $1.13 matters
Whale accumulation has been spotted at the $1.13 level. That price is acting as a support floor, with big wallets adding to their positions. When whales accumulate, it often signals confidence that the token won't drop much further. But it's not a guarantee. The buying could simply be a short-term play.
The $1.25 resistance test
Market data suggests there's a 69% probability that FILE will retest the $1.25 resistance before the end of the year. That's a notable chance, but it also means a 31% chance it won't reach that level. The resistance at $1.25 has held before, and breaking through it would require sustained buying pressure. Whether the whale accumulation is enough to push it there remains unclear.
CoinCodex's year-end outlook
Not everyone is bullish. CoinCodex, a cryptocurrency forecasting platform, projects a bearish year-end price target of $0.92 for FILE. That would represent a decline from current levels. The forecast is based on their proprietary analysis, and it stands in stark contrast to the accumulation signal at $1.13. If the token fails to hold that support, the path to $0.92 becomes more likely.
The next few weeks will be critical. If FILE can ride the whale buying and break above $1.25, the bearish target could be avoided. If not, the $1.13 support will be the last line of defense before a slide toward a dollar.
