[DigitalToday reporter Jinju Hong (홍진주)] Filecoin (FIL), Internet Computer (ICP) and Dash (DASH) each jumped more than 10 percent on May 6, showing a return of risk-on sentiment in the mid-cap altcoin market. As tokens that had been stuck in a long trading range tried to break key resistance levels, the market is watching whether this signals an altcoin rebound.

According to blockchain media outlet BeInCrypto, Filecoin is at the center of the upswing. Filecoin moved in a $0.80 to $1.06 range over the past three months, but has now climbed to around $1.09 and posted a weekly high of $1.16. That put it above the top of its previous range.

Trading volume has also stood out. The decline in volume that had continued since February has reversed during the recent rally, with analysis saying inflows of buying have been confirmed. The market is watching a break above $1.21 as the key near-term resistance level. If it clears that zone, $1.45 is being cited as the next target. If it fails to hold above $1.06, it could return to the previous range.

Internet Computer rose more, but is still seen as in a confirmation phase. ICP jumped 13.4 percent in a day to about $2.72, but failed to break above the key resistance at $2.82. Its price structure is similar to Filecoin, but volume growth is relatively weak, prompting analysis that it is hard to say buying has fully taken hold.

Still, technical indicators are flashing bullish signals. The relative strength index (RSI) rose to its highest level since January, and signs of expanding volatility also appeared. The market sees that if it posts a daily close above $2.82, $3.18 could open up as the next target zone. After that, a further rise to $3.80 is also being mentioned.

Dash is viewed as having the most stable trend structure among the three tokens. Dash is trading in the high $40s and has exceeded its April peak. Volume rose again during the move higher, and the RSI climbed to around 78, indicating strong buying dominance.

In particular, analysis says Dash is showing a typical trend continuation pattern, rising again after breaking above a downward trend line last month and then consolidating. It has recently formed a higher low and moved higher again, sustaining a bullish trend.

The market is pointing to $57 as Dash's first resistance level. After that, $70 and $85 are being cited in turn as key upside zones, with some also forecasting that the view could eventually open to around $97, the January peak.

All three tokens share the features of volatility expanding again and the RSI either entering, or nearing entry into, a bullish zone. So far, Filecoin is seen as the first to confirm a breakout move, Dash as having relatively stable trend strength, and Internet Computer as still needing to confirm whether it can break key resistance.

The market is watching whether the move goes beyond a simple short-term bounce and leads to a recovery in buying sentiment across the broader altcoin market. With the recent gains large, some are also warning that if key support levels break, the bullish case could weaken quickly.