CRYPTONIC

$FIL Rejects Range High — Bearish Order Block Points Toward 0.80 Liquidity

$FIL has rotated back into a well-defined higher-timeframe bearish order block near 1.05–1.10, the same supply region that previously initiated the last impulsive selloff. The rejection from this zone confirms continued seller presence and reinforces the broader range-to-downtrend structure that has been developing since the distribution phase at the top.

Price action now shows a clear sequence of lower highs and range compression beneath resistance, indicating that each rally attempt is being absorbed rather than expanded. The latest bounce toward 0.92 is technically corrective, occurring after a reaction from mid-range support but without structural breakout confirmation. This type of rebound typically forms continuation setups inside bearish ranges.

Liquidity remains concentrated below 0.85 and toward the 0.80 psychological and technical target, aligning with the prior capitulation wick low. Markets tend to revisit such liquidity pools once distribution completes, and FIL is structurally positioned for that sweep.

Unless FIL reclaims and holds above 0.98–1.00, upside remains limited and rallies are likely to fade. Bias favors downside continuation toward 0.80 after range rejection from supply.

#FIL #Altcoin Season# #BTC Price Analysis#