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For the past few days, the Filecoin price prediction shows that FIL has been unable to develop the upside momentum above $3.19 as the coin remains at the downside.
Filecoin Prediction Statistics Data:
- Filecoin price now – $3.22
- Filecoin market cap – $1.4 billion
- Filecoin circulating supply – 457.8 million
- Filecoin total supply – 1.9 billion
- Filecoin Coinmarketcap ranking – #31
FIL/USD Market
Key Levels:
Resistance levels: $3.80, $4.00, $4.20
Support levels: $2.60, $2.40, $2.20
Since the European session, FIL/USD has kept heading toward the 9-day and 21-day moving averages but failed to hold the ground and now hovering around $3.18. Nevertheless, Filecoin (FIL) has been following the downtrend for the past few days and it may need to cross above the moving averages, but the sideways movement could limit its bullish movements.
Filecoin Price Prediction: Would FIL Touch the $3.20 Level?
According to the daily chart, the Filecoin price is seen heading towards the 9-day and 21-day MAs, and should the bulls manage to push the market price above the upper boundary of the channel; the coin may likely find the potential resistance levels at $3.80, $4.00, and $4.20. Therefore, if the Filecoin price reverses to the negative side, it may experience a bearish movement.
However, it is likely for the Filecoin price to retest the nearest support at $3.10 and a further drop could pull the market to $2.60, $2.40, and $2.20 supports. Meanwhile, the 9-day MA is moving closely to the 21-day MA, which may introduce more sideways movement into the market.
FIL/BTC Bulls Could Extend to the Upside
Against Bitcoin, the Filecoin price is moving to cross above the 9-day and 21-day moving averages. However, if the buying pressure increases, the bulls may likely push the market price to the upside. Moreover, to confirm the bullish movement, the 9-day MA is likely to cross above the 21-day as more positive moves are likely to play out in the market soon.
In other words, the market can also expect close support at 1170 SAT by sliding toward the lower boundary of the channel, which could hit critical support at 1070 SAT and below. Meanwhile, if a bullish move continues and validates a break above the channel; traders may confirm a bullish movement for the coin as it may locate the potential resistance level at 1350 SAT and above.
Filecoin Alternatives
At the moment, the Filecoin price is trading around $3.18 after adding 0.17% to its value on the day. Moreover, the strength of the coin is likely to open the door for a massive recovery movement targeting $3.50. Meanwhile, from a technical perspective, FIL/USD is capable of tackling the hurdles toward the upside if the bulls increase the pressure.
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