Filecoin occupies an important position in the storage and DePIN fields. Despite the pressure from token unlocks, FIL recently fell to a new low, followed by a notable rebound. Whether this rebound can evolve into a larger scale rise depends on whether it can hold above the support level of $1.27. If it maintains this price level, it may signal the start of a strong pump. Conversely, we need to continue observing the performance of lower support levels. For investors optimistic about the storage sector, this position is indeed worth following.