- Filecoin price action is accumulating at $175.27 on Tuesday’s trading session
- The 24-hour volume in FIL is at $2,619,883,908 with a 21.24% decrease
- The FIL/BTC pair was trading at 0.002978 BTC with a loss of 2.72%
The 4-hour technical chart of Filecoin price action forecasts a sideways trend. According to pivot points, FIL’s critical support level is placed at $167.10. Whereas if it moves up, the key resistance level to watch is $236.50. While diving into the weekly chart of a 4-hour time-frame, it completes a Doji star candlestick pattern representing neither bulls nor bears could gain the upper hand.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) collides at EMA-13,21 (green, yellow), which projects a neutral trend for a short while. The price is fighting the EMA-8,13,21. Investors may perceive no crossover in the EMA, and the price will also follow the neutral trend.
RSI indicator (NEUTRAL), with a value of 49.80, indicates a neutral signal in the coin. Moreover, Investors can see a flat slope in the index, which may consolidate in future trading sessions.
The volume of (564) represents a low selling volume that is below the Volume MA (11.39K) of 20-days. High buying pressure has now vanished in Filecoin to drive its price to higher levels.
Filecoin Price Action Faces Consolidation
Filecoin price traded at $175.27 with a loss of 1.20% in the last 24-hour and 40% up in the weekly time-frame. In contrast, the market capitalization stands at $11.36 billion. Technically, investors can perceive no crossover in EMA, and the price is fighting to stay above the 8-EMA. RSI index showcases a flat slope. Moreover, the price movement may consolidate in future trading sessions.