Filecoin Price Prediction for Today, July 12 – FIL Technical Analysis

The
Filecoin
price
prediction
is
heading
toward
the
upper
boundary
of
the
channel
as
the
price
touches
the
daily
high
at
$4.22.

Filecoin
Prediction
Statistics
Data:

• Filecoin
  price
  now
  –
  $4.18
• Filecoin
  market
  cap
  –
  $2.3
  billion
• Filecoin
  circulating
  supply
  –
  569.5
  million
• Filecoin
  total
  supply
  –
  1.9
  billion
• Filecoin
  Coinmarketcap
  ranking
  –
  #31

Filecoin
(FIL)
has
shown
significant
fluctuations
since
its
inception.
Over
the
past
24
hours,

Filecoin
(FIL)
has
traded
between
$3.92
and
$4.21.
Its
all-time
high
was
$237.24
on
February
10,
2024,
but
it
has
since
dropped
by
about
98.24%.
Conversely,
the
all-time
low
was
$1.83
on
August
29,
2019,
from
which
it
has
risen
by
128.78%.
These
historical
price
points
highlight
the
importance
of
timing
in
the
crypto
market,
demonstrating
that
early
investment
in
projects
like
Filecoin
can
offer
substantial
rewards
despite
inherent
risks
and
volatility.

FIL/USD
Market

Key
Levels:

Resistance
levels:
$5.5,
$6.0,
$6.5

Support
levels:
$3.0,
$2.5,
$2.0

Looking
at
the
daily
chart,

FIL/USD
is
still
oscillating
within
the
moving
averages
of
this
down
channel,
trending
toward
the
channel’s
resistance.
This
down-channel
formation
began
on
February
28,
2024.
Since
then,
the
price
has
consistently
moved
within
this
range.
If
the
price
reaches
the
resistance
level,
it
will
first
need
to
break
through
the
significant
long-term
resistance
zone
between
$4.60
and
$4.98
respectively.

Filecoin
Price
Prediction:
Would
FIL
Cross
Above
$4.50?

The
price
of
Filecoin
(FIL/USD)
is
poised
for
an
upward
move
as
it
approaches
a
bullish
cross
above
the
21-day
moving
average
(MA).
Following
a
brief
rally
post-breakout,
FIL/USD
is
trending
upward,
a
rejection
at
the
21-day
MA
could
lead
to
a
price
decline,
potentially
breaking
through
the
critical
support
zone
between
$4.00
and
$3.90.
If
buying
pressure
increases,
Filecoin
may
rise
towards
the
resistance
level
at
$5.00.

Conversely,
if
Filecoin
falls
below
the
9-day
moving
average,
it
might
drop
to
around
$3.50,
where
significant
long-term
support
exists.
If
the
bearish
trend
continues,
support
levels
at
$3.00,
$2.50,
and
$2.00
could
come
into
play.
Despite
this,
the
overall
bullish
pattern
suggests
a
higher
probability
of
an
upward
breakout.
Upon
successfully
breaking
above
the
upper
boundary
of
the
channel,
the
technical
target
would
be
at
the
top
of
the
channel,
with
potential
resistance
levels
at
$5.50,
$6.00,
and
$6.50.

FIL/BTC
Heads
to
the
North

Filecoin
(FIL)
is
exhibiting
bullish
behavior
against
Bitcoin
(BTC),
maintaining
an
uptrend
above
the
9-day
and
21-day
moving
averages.
Should
the
buying
pressure
from
the
bulls
intensify,
the
market
price
might
break
above
the
upper
boundary
of
the
channel.

Nevertheless,
the
likelihood
of
the
9-day
moving
average
crossing
above
the
21-day
moving
average
is
high.
If
this
crossover
occurs,
it
could
sustain
the
upward
trend,
potentially
driving
the
price
to
the
resistance
level
of
900
SAT
or
above.
Conversely,
if
the
price
retests
and
falls
below
the
lower
boundary
of
the
channel,
it
may
decline
to
the
support
level
of
550
SAT
or
below.

@clifton_ideas
shared
with
his
over
17k
followers
on
X
(formerly
Twitter)
that
$FIL
is
currently
moving
within
a
descending
channel
on
the
daily
timeframe.
He
indicated
that
an
upside
breakout
could
lead
to
a
significant
bullish
wave.
We
are
now
closely
watching
for
this
potential
breakout
????.

$FIL
is
Moving
Under
the
Descending
Channel
in
Daily
Timeframe..

In
Case
of
Upside
Breakout
Expecting
Massive
Bullish
Wave

Now
We
are
Waiting
For
Breakout
????#FILUSDT

#FIL

#Crypto

pic.twitter.com/p70F772Jgo

—
Clifton
Fx
(@clifton_ideas)

July
11,
2024

Alternatives
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Filecoin

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Filecoin
is
trading
at
approximately
$4.18,
reflecting
a
5.23%
increase
for
the
day.
The
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