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

Updated: 06 July 2023

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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
Filecoin market cap – $2 billion
Filecoin circulating supply – 433.1 million
Filecoin total supply – 1.9 billion
Filecoin Coinmarketcap ranking – #32

FIL/USD Market

Key Levels:

Resistance levels: $5.0, $5.5, $6.0

Support levels: $3.0, $2.5, $2.0

Filecoin Price Prediction for Today, July 1: FIL/USD Shows Positive Signs Above $4.0 — FILUSD – Daily Chart

FIL/USD peaks at $4.26 today, after which the coin begins to consolidate within the channel. Meanwhile, the price not touching $4.5 may ruin the long-term technical picture of the coin. However, Filecoin will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $3.5, which could be a daily low.

Filecoin Price Prediction: FIL/USD Likely to Hit $4.5 High

At the time of writing, the Filecoin price is likely to trend to the upside and the movement above the upper boundary of the channel could push the coin to the resistance levels of $5.0, $5.5, and $6.0. On the downside, a bearish movement toward the lower boundary of the channel could stop the initial upward movement and create bearish momentum with a focus to bring the market to the next support levels of $3.0, $2.5, and $2.0 respectively.

At the moment, the technical indicator Relative Strength Index (14) may continue to face the upside as the signal line crosses above the 50-level. Looking at the daily chart, the 9-day moving average remains below the 21-day moving average, and this could allow the sellers to step back into the market.

Against Bitcoin, the Filecoin price is hovering within the 9-day and 21-day moving averages. Meanwhile, following the recent positive sign, FIL/BTC may go down if the sellers step back and increase the pressure further.

However, if the bears succeeded in breaking below the lower boundary of the channel, the market price could reach the support level at 1000 SAT and below. Meanwhile, a positive move could allow the coin to go above the moving averages and push the price to the resistance level of 1700 SAT and above but, the technical indicator Relative Strength Index (14) moves above the 40-level, which could boost the bullish movement.

Alternatives to Filecoin

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 $4.5 as this could also be followed by the $5.0 level. On the contrary, if the Filecoin price slides and heads toward the lower boundary of the channel, it could hit the first support level at $3.8.

However, Wall Street Memes is at the forefront of this meme coin frenzy, which has taken the torch and propelled the craze to new heights. Despite being launched just a month ago, this project has raised almost $13 million in its presale.

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