FILE token is trading at $0.96 as persistent selling pressure weighs on the asset. Despite the downturn, data from whale positioning and oversold technical indicators suggest a potential price bounce to $1.20 within the next six to eight weeks — provided key support levels hold.
Whale Activity and Oversold Readings
Large holders, or whales, have been positioning for a rebound even as the broader market sells. Oversold technical indicators — often a precursor to short-term rallies — are flashing for FILE, adding to the case for a reversal. The token's recent slide hasn't shaken confidence among these major players, who are betting the selling pressure will exhaust itself.
The Timetable and the Risk
The projected move to $1.20 hinges on FILE holding its current support zone. If those levels break, the bounce could be delayed or fail entirely. Traders are watching support closely: a failure would invalidate the bullish setup and likely extend the decline. The six-to-eight-week window gives the market time to confirm the pattern, but no guarantees come with it.
The question now is whether buying momentum can build before support gives way.
