Filecoin Price Prediction for Today, February 16: FIL/USD Faces the North as Price Nears $6.0 Level ByAzeez MustaphaPRO INVESTOR Updated: 16 February 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage 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: Filecoin price now – $5.82 Filecoin market cap – $2.2 billion Filecoin circulating supply – 389.5 million Filecoin total supply – 389.5 million Filecoin Coinmarketcap ranking – #32 FIL/USD Market Key Levels: Resistance levels: $7.5, $8.0, $8.5 Support levels: $4.0, $3.5, $3.0 FILUSD – Daily Chart FIL/USD is likely to cross above the upper boundary of the channel to increase the bullish movement within the channel. Meanwhile, the Filecoin price might kick-start another bullish run above $6.0 if the market price heads to the upside. However, any positive break above the channel could be the first signal needed for the buyers to press higher. Nevertheless, the Filecoin price has to break to the upside before hitting the $6.0 resistance level. Filecoin Price Prediction: Filecoin (FIL) Trades Positively The Filecoin price is currently hovering above the 9-day and 21-day moving averages. If the buyers grind higher, the first resistance level may come at $6.5 as this could also be followed by the $7.0 level. Therefore, additional resistance levels can then be found at $7.5, $8.0, and $8.5 respectively. Nonetheless, if the Filecoin price slides and heads towards the lower boundary of the channel, it could hit the first support level at $5.0. Furthermore, crossing below the lower boundary of the channel may lead to the critical support levels at $4.0, $3.5, and $3.0 respectively. Looking at the daily chart, the technical indicator Relative Strength Index (14) is crossing above the 60-level, which indicates that buyers may begin to gain control of the market, and this, could also mean that another signal of FIL could be pushing toward the resistance level of $7.0 soon. Against Bitcoin, the daily chart shows that the Filecoin price is attempting to stay above the 9-day and 21-day moving averages. As soon as the price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 2500 SAT level. If the price keeps rising, it could even break the 3000 SAT and above. FILBTC – Daily Chart However, if the bears regroup and slide below the 9-day and 21-day moving averages, 2000 SAT support may play out before rolling to the critical support at 1800 SAT and below. Meanwhile, the Relative Strength Index (14) is moving above the 50-level, suggesting bullish movement. Filecoin Alternatives For Filecoin (FIL) to trade close to $6.0 is hinting at the formation of a bearish fractal as the bearish divergence forming on the coin could lead to the price revisiting the $5.0 level before rallying toward the $7.0 resistance level. Nevertheless, the Meta Masters Guild token is reaching a final presale stage after over $4.1 million has been raised so far. This offers an exciting opportunity for prospective investors to get in on the action in the rapidly-growing play-to-earn gaming sector. Fight Out (FGHT) - Newest Move to Earn Project Rating CertiK audited & CoinSniper KYC Verified Early Stage Presale Live Now Earn Free Crypto & Meet Fitness Goals LBank Labs Project Partnered with Transak, Block Media Staking Rewards & Bonuses Learn More Join Our Telegram channel to stay up to date on breaking news coverage