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CATEGORY: filusd


Jul 13, 2024 01:50

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 [...]

Apr 30, 2023 01:50

Filecoin Price Prediction for Today, April 29: 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 [...]

Apr 28, 2023 12:05

Filecoin Price Struggles To Move, Will It Surpass The $6 Barrier?

The 30th largest cryptocurrency Filecoin (FIL) has recorded an increase in its 24-hour trading volume. This recent trend has attracted investors and traders closely monitoring its price movement. However, the coin struggles to break through the important $6 resistance. The question now is, will Filecoin be able to break the $6 barrier? What’s the future potential of Filecoin? Notably, FIL trading volume surged significantly in 24 hours. This volume indicates increased network activity which might later push FIL price if the crypto market breaks from the current downtrend.     Filecoin Recorded Price Dips, What’s The Current Sentiment? Filecoin is a peer-to-peer network created by Protocol Labs. Users pay storage miners to guarantee that their files are correctly and securely preserved over time. The Filecoin blockchain keeps track of transactions to verify file storage. The cryptocurrency market is known for its volatility. Sudden swings in the value of digital assets occur frequently. Being a player in this market, Filecoin has seen increased selling momentum and downward movement. Related Reading: MATIC Price Prediction: Polygon Recovery Faces Many Hurdles FIL has experienced some significant drop in price over the past few days, affecting its overall market sentiment and current price movement. But with the Fear & Greed Index of 61 (Greed), the current sentiment is positive.  However, given that the price is in a zone where investors are likely to want to sell down, this suggests that there might be a potential price reversal. The trend reversed due to a shift in direction in the 50-day simple moving average (SMA) on 17 April 2023, and this may continue if bullish momentum remains weak. The SMA indicator is frequently used to spot trends, resistance and support levels, and probable buy/sell signals. By crossing below the 200-day SMA, the 50-day SMA has also formed a death cross, which might be a bearish signal and suggest a potential selling opportunity. The RSI is closely below the neutral zone, indicating the selling momentum is still high. However, the buyers are trying to build strength. Watch closely for a possible trend revisal. Filecoin Key Support And Resistance Zones On 23 April 2023, the Filecoin price dropped by 17.35%, making the coin fall to a support level of $5.117. The banking crisis’s impact on the financial market also affected the price movement of altcoins. Related Reading: Polygon Exchange Supply Spikes, More Downtrend Incoming? FIL could drop another 15%, reaching a month-long low of $4.79, if the panic persists and the altcoin breaches the crucial support level at $4.990. Filecoin trades between support and resistance levels of $5.46 and $5.8. The first significant resistance level for FIL is $6.388. If the price moves above the current point, the coin will reach the next resistance levels, at $8.34 and $9.24. Featured image from Pixabay and chart from Tradingview

Apr 25, 2023 12:05

Filecoin Experiences Sharp Sell-Off, Potential For Price To Drop Below $5

The bearish onslaught has taken a toll on the price of Filecoin, which slipped below the $6 mark, and the bears now have a strong foothold. On the one-day chart, Filecoin is showing consolidation with a loss of 1.1%. Over the last week, the coin has depreciated by nearly 17%. The technical outlook for Filecoin indicates bearish pressure, with a drop in demand and accumulation. If sellers push further, it will add to the bearish pressure. Related Reading: Losses Dominate Crypto Over The Weekend, Has The Bear Market Returned? Bitcoin’s struggle to stay above $30,000 has affected other altcoins, keeping them below their immediate resistance levels. The demand must recover in the next trading sessions for FIL to jump above the $5.50 price. The decline in the market capitalization of Filecoin over the past day also indicates growing selling pressure. Broader market strength remains crucial for the altcoin’s price movement over the subsequent trading sessions. Filecoin Price Analysis: One-Day Chart At the time of writing, the trading price for FIL was $5.26. Following its drop below the $6 mark, Filecoin has experienced a continuous free fall. The coin faces overhead resistance at $5.60; surpassing this level will push the coin towards $6, with a potential attempt to trade at $6.30. Conversely, failing to trade at the current level will establish local support for the coin at $4.90. If the price falls below this level, it will reach $3.80, strengthening the bears. In the last session, the amount of Filecoin traded was in the red, indicating a drop in demand. Technical Analysis Over the past few trading sessions, the buying strength for FIL has decreased considerably due to a fall in demand. The Relative Strength Index showed that the buying strength had depreciated, and selling strength had taken over, as the index was below the 40 mark. Additionally, the FIL price dropped below the 20-Simple Moving Average line, indicating that sellers had taken control and were driving the price momentum in the market. However, if Filecoin surpasses the $5.60 mark, the coin may rise above the 20-SMA line, bringing back the bulls. At the time of writing, Filecoin gave sell signals in line with other technical indicators. The Moving Average Convergence Divergence showed red histograms, indicating sell signals for price momentum and trend reversals. Related Reading: ADA Price (Cardano) Close Below $0.38 Could Spark Larger Degree Correction These signals suggested that FIL may experience further decline over the next trading sessions. The Awesome Oscillator, which measures price momentum and movement on the chart, formed red bars under the half-line, indicating that sellers had taken control of the market price and that FIL was experiencing bearish momentum. For the coin to initiate its recovery, FIL must surpass the overhead ceiling. Featured Image From UnSplash, Charts From TradingView.com

Feb 17, 2023 01:50

Filecoin Price Prediction for Today, February 16: FIL/USD Faces the North as Price Nears $6.0 Level

The Filecoin price prediction shows that FIL could be ready for the uptrend as it may fundamentally break above the channel. Filecoin Prediction Statistics Data: [...]

Dec 27, 2022 06:40

Filecoin Price Prediction for Today, December 27: FIL/USD Draws Short-Term Bullish Sentiment at $3.3

The Filecoin price prediction shows that FIL is likely to climb above the 21-day moving average as the price mounted up by 5.65%. Filecoin Prediction [...]

Nov 03, 2022 01:50

Filecoin Price Prediction for Today, November 02: FIL Decreases to $4.8 Level

Bears are dominating Filecoin market FILUSD Price Analysis – November 02 In case bears technically break down the support level of $4.8, Filecoin may decrease [...]

Sep 12, 2022 01:50

Filecoin Price Is Heading Towards Resistance Level of $7.20, TAMA Heads to the North

Bulls dominates Filecoin market FILUSD Price Analysis – September 11 Filecoin is targeting the resistance level of $7.20 and may break it up provided the [...]

Sep 04, 2022 01:50

FIL Climbs by 11.04%, Low Risk and High Returns Bet on TAMA

If the Filecoin price prediction prepares for the uptrend, the coin will be technically and fundamentally ready to break above $7.5. FIL Prediction Statistics Data: [...]

Nov 27, 2021 07:10

Filecoin (FIL) Jumps 10% while Bitcoin Consolidates – What is FIL Coin?

The cryptocurrency market is currently consolidating after a heavy retracement. Bitcoin and Ethereum saw lower prices, mostly due to profit-taking from a previous heavy uptrend. On the other hand, other tokens such as Filecoin (FIL) saw a price surge of more than 10%. What is Filecoin and does it have the potential to boom further in the coming weeks? In this article, we'll talk more about what Filecoin up is and if FIL is a good buy in the current market conditions.

What is Filecoin (FIL)?

Just as its name suggests, Filecoin is a project that aims to decentralize data storage, making it publicly available. the project is a B2B and B2C decentralized storage network whose goal is to reinvent the public data storage market. Filecoin was invented by Protocol Labs, an open-source laboratory. The first whitepaper was published in July 2014 by Juan Benet who is a computer scientist.

Filecoins wants to decrease the volume of big players in the currently centralized data storage market. According to Filecoin, these big players are the ones who dictate storage prices, jurisdictions and take the liberty of choosing which exact customers they want to provide with their services.

The network mainly offers an open market with completely new storage and economic model, with a great use for public data like open access data, historical archives, websites, games, insurance, and many more. In this new economic model, the prices for storage will decrease when supply and demand grow. So we are talking about incentivized data storage market, which doesn't limit to any location worldwide.

FIL jumps by more than 10%!

As the crypto market retraces, FIL saw an impressive jump of around 10%. Looking at the technicals of FIL, we can't but acknowledge why investors are rushing to buy FIL. Its price reached strong support of USD 50 and is currently preparing to reach potentially its previous high of around USD 200.

Buying at the current level is the perfect entry into this token. On the other hand, traders and investors should place adequate stop-loss levels that reflect their risk appetite. A sensible SL would be below USD 40.

Fig.1 FIL/USD 1-day chart showing a good Buy opportunity for FIL - TradingView

--> Click here to Buy FIL <--

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Filecoin up© Cryptoticker

The post Filecoin (FIL) Jumps 10% while Bitcoin Consolidates – What is FIL Coin? appeared first on CryptoTicker.

Feb 24, 2024 12:05

Filecoin (FIL) Surges Another 9.3%, Are The Bulls Getting Ready For More?

Filecoin (FIL) has been among the top gainers during the current market rally. Throughout February, FIL has shown a formidable performance fueled by the bullish momentum and its partnership with a major blockchain. This performance has analysts and important crypto actors predicting a potential bullish run around the corner for the decentralized storage networks native token. Related Reading: Crypto Analyst Predicts 10X Move For Filecoin (FIL) To $70, But Can It Reach ATH? Should Filecoin Investors Get Ready For A Bull Run? Pseudonym analyst and trader Crypto Breakout highlighted that FIL broke through a crucial resistance in the 3-day timeframe, signaling that the bulls return with force. The chart shared by the analyst illustrates a downtrend pattern in FILs price since 2022. Two years ago, as the chart below shows, the token traded at $11 before facing a pullback that shredded about 70% of the tokens value in the following months. By February 2023, the token recovered and broke through the $9 resistance level before repeating a similar downtrend. FIL's downtrend pattern since 2022. Source: Crypto Breakout on CoinMarketCap Since 2023, the price has remained well below this level, only breaking through the $8 support zone once at the very beginning of 2024. Throughout January, FILs price had a turbulent performance, falling around 40%. The price has picked up the crypto market uptrend, and, as the analyst highlights, it has been gaining positive momentum. The 3-day time frame shows that FIL has been following an upward trend that led to the token breaking through the crucial $8 support zone this Friday. As the post suggests, this break out of the downtrend could signal FIL’s beginning of an epic bullish rally and that investors should get ready for exciting moves ahead. Renowned crypto analyst Ali Martinez made a similar prediction. Earlier this week, Martinez highlighted Filecoin moving within a parallel channel on the 3-day chart. He suggested a successful breakthrough from the $8.50 barrier could catapult the tokens price to $25.5. Artur Hayes Predicts $100 As FIL Continues To Rise After the tokens recent surge, BitMEX co-founder Arthur Hayes shared his FIL prediction. On an X (former Twitter) post, Hayes forecasted that FILs price would rally to $100, also calling the arrival of the bull market. Welcome to the bull market. May all things AI related levitate. $FIL = $100 Yachtzee pic.twitter.com/oggCeY8IGc — Arthur Hayes (@CryptoHayes) February 23, 2024 Filecoin, a decentralized storage network, recently integrated with Ethereums rival Solana to make its blockchain history more accessible and usable. According to the announcement, the integration is a significant move away from centralized storage solutions, which seek to improve reliability and scalability in the Solana blockchain. This move has considerably fueled the ongoing upward momentum for FIL. The token has shown a considerable performance in recent weeks, with FIL increasing 53.9% in the last two weeks and 67.7% in 30 days. The token trades at $8.19 at writing time, representing a 9.6% surge in 24 hours and 39.0% in the last seven days. FIL is currently the 25th largest cryptocurrency by market capitalization, at $4.2 billion, a 12.38% increase from yesterday. Its trading activity also saw a recent rise, with its daily trading volume at $895.2 million, 44% more than the day before. Related Reading: New ATH For WIF? Analyst Thinks Dogwifhat Will Go Turbo Parabolic Soon FIL performance in the 1-day chart. Source: FILUSDT on TradingView.com Featured image from Unsplash.com, Chart from Tradingview.com

Feb 21, 2024 12:05

Crypto Analyst Predicts 10X Move For Filecoin (FIL) To $70, But Can It Reach ATH?

Over the last day, Filecoin (FIL) has seemingly emerged from the shadows to stage a price recovery of over 10%. This notable move has brought more attention to the altcoin, which had previously failed to follow the general crypto market recovery. On the back of this, one crypto analyst predicts big things for the altcoin, expecting a 1,000% increase in its price. Filecoin Will See A 10X Rise To $70 In the analysis that was shared on X (formerly Twitter), crypto analyst Tony The Bull told his almost 20,000 followers that the Filecoin (FIL) price was gearing up for a massive recovery. The chart shared in the analysis tracks the movement of the coin over the last year, which saw it go from a low below $3 to over $.7, an almost 200% increase. Nevertheless, the crypto analyst believes there is more to come. Related Reading: Bitcoin Open Interest Reaches $69,000 ATH Levels, What This Means For Price The prediction for the Filecoin price from the crypto analyst is that it will rally as high as $70. Now, given FILs current trading value, this would mean a 1,000% increase or a 10X increase from here. The analyst seems to believe that the altcoin is entering into a price discovery phase, saying, Im gonna find out. $FIL to minimum $70 for a 10x Back to ATH is +20x Price discovery = ? Im gonna find out pic.twitter.com/w2O5fgAzDi Tony “The Bull” (@tonythebullBTC) February 19, 2024 Tony is not the crypto analyst that forecasts a bullish future for the Filecoin price as analyst Ali Martinez also expects the altcoin to do well. Martinez revealed that FIL is currently trading in a parallel channel on its 3-day chart which is usually bullish for price. However, for the move to be confirmed, the crypto analyst explains that the altcoin must break the resistance posed by the channel’s upper boundary, set at $8.50. If this happens, then Martinez expects the price to rise as high as $25.5. #Filecoin is trading within a parallel channel on its 3-day chart. Watch out for the resistance posed by the channel’s upper boundary, set at $8.50. A successful break through this barrier could significantly bolster $FIL‘s price, potentially tripling its value to reach $25.5! pic.twitter.com/Tgg0rZfRrs Ali (@ali_charts) February 19, 2024 Can FIL Reach A New All-Time High? In addition to his analysis, Tony The Bull also posits that Filecoin is only 20X away from its all-time high price of around $230, so it is possible that the altcoin could see a run-up to this level. However, this was not well-received by community members, who countered that it would be impossible for FIL to reach a new ATH due to its inflation over the last year. Related Reading: Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Heres When FILs circulating supply has risen drastically over the years, putting it way higher than what it was when it hit its all-time high back in 2021. Due to this, expectations that the altcoin could get back to this level are very low. With its MASSIVE inflation over the last bear market, FIL will not be making a new ATH, one user said in response to the crypto analyst. Nevertheless, FIL continues to show strength in the daily chart. Its price is up 16% in the last 24 hours and 40% in the last seven days, according to data from Coinmarketcap. It is trading at $7.68 at the time of this writing. FIL price rises over 10% in 24 hours | Source: FILUSD on Tradingview.com Featured image from Coincodex, chart from Tradingview.com

Feb 19, 2024 12:05

Filecoin (FIL) Notches 10% Gain Following Integration With Solana

Filecoin (FIL) continues to enjoy investors’ interest following a 10.28% gain in the last day, according to data from CoinMarketCap. The altcoin has recently been the center of attention following a gradual price rise in the past week culminating in a 15.34% price gain. Interestingly, the spike in FILs price over the 24 hours appears to be fueled by exciting developments in the projects ecosystem. Related Reading: UNI Jumps Over 12% Heres Why Investors Flock To This Token Filecoin Meets Solana In an X post on February 16, Filecoin announced an integration with the popular Ethereum rival, Solana. Launched in March 2020, Solana is regarded as one of the most prominent smart contract-compatible platforms offering fast transactions and almost non-existent fees. Solana’s integration with #Filecoin is a significant move away from centralized storage solutions and a remarkable step towards enhancing the reliability and scalability of the Solana blockchain.@solana is utilizing Filecoin to make its block history more accessible and usable pic.twitter.com/1NcuaLNYT5 Filecoin (@Filecoin) February 16, 2024 Ranked as the fifth-largest crypto project with a market cap value of $47.97 billion, Solanas integration with Filecoin is aimed at migrating from its widely criticized centralized storage system to decentralized storage solutions, with the aim of improving its existing scalability and integrity.  Through this integration, Filecoins network will assist Solana in enhancing access to its blockchain history, which will be beneficial to developers, explorers, indexers, and other network users. In addition, Filecoins decentralized storage solutions will allow Solana to experience data redundancy, scalability, and a higher level of security while operating as a decentralized network.  Interestingly, this development created much excitement in the Filecoin user community as FIL surged by over 10%, reaching a value of $6.36. Meanwhile, FILs daily trading volume stands at $497.78 million, having recorded an astounding 178.42% gain. Related Reading: Altcoins Like Solana And Ethereum Are About To Explode: Analyst FIL Price Prediction FIL began 2024 on a turbulent note losing about 40% of its value between January 1 and January 23. However, in the last few weeks, the token has experienced a steady price recovery which is further aided by its most recent boost in price. If the bulls are able to sustain the current buying momentum, FIL may hit the $8 price mark representing a return to the levels seen at the start of 2024. However, according to the tokens daily chart, the relative strength index has now crossed into the overbought zone. This indicates that there might be an incoming trend reversal. In that case, FILs price may fall as low as $4.90, which represents its next support level and a 23.71% decline from the current market price.  Filecoin (FIL) trading at $6.341 on the daily chart | Source: FILUSDT chart on Tradingview.com Featured image from Filecoin, chart from TradingView

Feb 19, 2024 01:50

Filecoin Price Prediction for Today, February 17 FIL Technical Analysis

The Filecoin price prediction shows that FIL could push strongly through the $6.5 resistance but may fall below the moving averages if the bears step [...]

Jul 06, 2023 10:10

Filecoin Price Prediction for Today, July 5: FIL/USD Keeps Trading Around $4.6 Level

The Filecoin price prediction shows that FIL is pushing strongly through the $5.0 resistance but could fall below the moving averages. Filecoin Prediction Statistics Data: [...]

Jul 05, 2023 01:50

Filecoin Price Prediction for Today, July 4: FIL/USD Shows Positive Signs Above $4.0

The Filecoin price prediction shows that FIL is moving above the 9-day and 21-day moving averages. Filecoin Prediction Statistics Data: Filecoin price now – $4.0 [...]

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