Filecoin (FIL) is showing signs of renewed strength after a recent pullback in its price. The token is currently trading around $1.02, bouncing off key support levels that have historically attracted buyers. This move comes after FIL experienced a short-term correction, which many analysts now view as a healthy retracement after surging to an intraday high of $1.10. Filecoin price chart | Source: Coingecko These Fibonacci levels offer key insight Technical charts reveal that FIL has respected important Fibonacci retracement levels during this correction. FIL price analysis | Source: TEKT0NIC The 0.5 and 0.618 retracements, sitting at $0.986 and $0.958, form a critical zone where buyers often step in.