Filecoin (FIL), the native token of the Filecoin network, has broken out of a multi-year symmetrical triangle pattern, sparking optimism for a strong rally ahead. According to crypto analyst @WorldOfCharts1, the breakout, combined with a successful retest and the formation of a higher high, indicates that FIL is primed for a significant rally. The mid-term Filecoin price prediction points to a target of $30, with potential for multiple X returns if bullish conditions persist.

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This breakout comes as the broader market shows growing interest in Filecoin crypto. Wu Blockchain reports that Bithumb, South Korea's second-largest exchange, will launch a new FIL/KRW trading pair, enhancing accessibility and liquidity for South Korean investors. This development is a positive sign, further strengthening the bullish momentum for FIL.

Adding to the optimism, Messari’s “The Crypto Theses 2025” report highlights Filecoin’s technological advancements like Filecoin Web Services (FWS) and Fast Finality (F3), which position the network as a leader in decentralized storage. With nearly 30% storage utilization growth, Filecoin is building strong foundations for its ecosystem, which could drive FIL to new heights, possibly even surpassing its all-time high.

Supporting the bullish outlook, data from Coinglass reveals a surge in FIL futures Open Interest (OI), climbing from $242.34 million to $358.30 million within a week—its highest level since December 9. An increase in OI signals fresh capital inflow, a strong indicator of future price action.

Additionally, DefiLlama reports that Filecoin’s Total Value Locked (TVL) has risen from $67.69 million to $93.12 million since December. This consistent TVL growth suggests heightened activity in FIL-based protocols, reinforcing the bullish sentiment.

With growing ecosystem activity, strategic exchange listings, and strong technical indicators, Filecoin price predictions for 2025 suggest significant upside potential, making FIL crypto a project to watch.