FIL/USD Rebounds as Price Hits $5.66 Level

The Filecoin price prediction shows that FIL is gaining more strength as the coin moves to cross above the 21-day moving average.

Filecoin Prediction Statistics Data:

• Filecoin price now – $5.62
• Filecoin market cap – $2.3 billion
• Filecoin circulating supply – 420.6 million
• Filecoin total supply – 420.6 million
• Filecoin Coinmarketcap ranking – #29

FIL/USD Market

Key Levels:

Resistance levels: $8.00, $8.50, $9.00

Support levels: $3.50, $3.00, $2.50

FIL/USD may continue to refresh to the upside as the coin currently trades at $5.62 with a bullish crossover and trend intraday. Today, the Filecoin price is likely to face the upper boundary of the channel as higher resistance may come in the next positive direction.

Filecoin Price Prediction: Filecoin Price May Spike to the Upside

The Filecoin price is likely to increase the bullish movement if the price increases and heads toward the upper boundary of the channel. At the moment, the technical indicator Relative Strength Index (14) is likely to cross above the 50-level; and it could send bullish signals into the market to encourage more buyers.

Meanwhile, if the 9-day moving average may also need to cross above the 21-day moving average, this could be for the confirmation that the coin will head to the north, and the price could hit the nearest resistance levels at $8.00, $8.50, and $9.00 respectively. On the contrary, if the technical indicator Relative Strength Index (14) stays below the 50-level, there may be a little retreat to the south, which could bring the market price to the support levels of $3.50, $3.00, and $2.50.

Against Bitcoin, Filecoin (FIL) may cross above the 9-day and 21-day moving averages as the price heads to the upside. Meanwhile, the fact that the market keeps moving in the same direction within the channel, the crypto is likely to form a bullish movement if the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

Nevertheless, if the buyers push the market price above the upper boundary of the channel, crossing above this barrier could hit the resistance level of 2500 SAT and above. Meanwhile, traders should watch out for any strong selling pressure which could bring the price toward the lower boundary of the channel, this could attract new sellers coming into the market with the next focus on the support level of 1400 SAT and below.

Alternatives to Filecoin

The Filecoin price trades near the resistance level of $6.00 today, after which the coin begins to consolidate within the channel. Meanwhile, the price not staying above $6.00 may delay the long-term technical picture of the coin. However, Filecoin will have to cross above the channel in other to guide against the downward pressure as the closest support expects the coin at $5.00, which could be a daily low. However, the Love Hate Inu’s voting platform rewards those that are willing to stake tokens and contribute to the community. On this platform, users can vote on the user interface platform after staking LHINU tokens as almost $9 million has been raised so far in the presale.

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