Filecoin has rebounded strongly from the low of $1.17 and has now risen to $1.34. This rebound is indeed encouraging—after all, there was significant selling pressure before. However, it's still too early to breathe a sigh of relief; this level needs further validation.

The real key point is the $1.40 threshold. As long as FIL can effectively break through this price level, we can relatively confirm that this is a genuine reversal signal rather than a short-term rebound. This level is a watershed; whether it can hold steady will determine the subsequent direction.