Why is Filecoin going up today?

Filecoin (FIL) has recently broken out of a multi-year symmetrical triangle pattern, signaling potential bullish momentum. According to crypto analyst @WorldOfCharts1, this breakout, combined with a successful retest and the formation of a higher high, sets the stage for a possible rally. The Filecoin price prediction targets $30 in the mid-term, with further upside potential.

Growing Market Interest and New Exchange Listings

Positive news continues to pour in for Filecoin. South Korea’s Bithumb exchange, the second-largest in the country, will introduce a new FIL/KRW trading pair. This enhances Filecoin crypto’s accessibility and liquidity, attracting more investors to the project. The increased exposure to South Korean markets could further fuel FIL’s price.

Technological Advancements for 2025

Filecoin is also making strides in the decentralized storage space. According to Messari’s “The Crypto Theses 2025” report, the network is experiencing nearly 30% growth in storage utilization, with innovations like Filecoin Web Services (FWS) and Fast Finality (F3). These advancements place Filecoin crypto on track to dominate decentralized storage in 2025.

Rising Open Interest and TVL

Filecoin’s market activity is booming. Open Interest in FIL futures surged from $242 million to $358 million within a week, signaling fresh capital inflows. Additionally, Total Value Locked (TVL) in the Filecoin ecosystem grew from $67.69 million to $93.12 million, indicating rising interest and activity.

With growing demand, strategic exchange listings, and technological improvements, Filecoin price prediction 2025 suggests strong upside potential. Investors should keep an eye on FIL crypto for potential gains.