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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:
- FIL price now – $6.47
- FIL market cap – $1.74 billion
- FIL circulating supply – 275.1 million
- FIL total supply – 275.1 million
- FIL Coinmarketcap ranking – #32
FIL/USD Market
Key Levels:
Resistance levels: $9.0, $10.0, $11.0
Support levels: $4.0, $3.0, $2.0
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FIL/USD is trading above the 9-day and 21-day moving averages as the coin may kick-start an additional bullish run above $7 if the market price head towards the upper boundary of the channel. However, the break to the upside is the first signal needed for a bullish to press higher. Nevertheless, FIL/USD has to break above $7.0 before hitting $7.5.
FIL Heads to the North as TAMA Goes Bullish
Looking ahead, if the buyers continue to grind higher, the first resistance level for the Filecoin price may come at $6.5 as this could also be followed by $7.0. However, additional resistance may also be found at $9.0, $10.0, and $11.0 respectively. On the other side, if the Filecoin price crosses below the lower boundary of the channel, it could hit the first support level at $5.0.
Beneath this, staying below the channel may lead to critical support levels at $4.0, $3.0, and $2.0. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, which indicates that buyers are attempting to gain control of the market momentum.
Against Bitcoin, the daily chart shows that the Filecoin price is also crossing above the 9-day and 21-day moving averages around the 3274 SAT. However, as soon as the 9-day MA crosses above the 21-day MA, there is a possibility that additional benefits could be obtained in the long term. Therefore, the next resistance key could be located 3600 SAT level. If the price keeps rising, it could even break the 4200 SAT and above.
However, if the bears regroup and drag the coin to cross below the lower boundary of the channel, the support level of 2500 SAT may play out before rolling to the critical support at 2300 SAT and below. The Relative Strength Index (14) is moving to cross above the 60-level to suggest more bullish signals.
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