- Filecoin trading sideways or range bound and seems to form a base near the 200-Day moving average
- The coin is struggling near 200-DMA but slipped below 20, 50, and 100-Day moving average with low volume action
- The pair of FIL/BTC is trading flat with an intraday loss of -0.61%, standing at 0.001871 BTC, and FIL/ETH is CMP at 0.02587 ETH dropped by -1.30%
Filecoin at the monthly chart is trading sideways or consolidating after a sharp fall from its all-time high (ATH) levels of $238. Whereas the coin is trading below all vital moving averages of 20, 50, and 100-Day moving averages, and 20-SMA is acting minor resistance. Similarly, the coin is trying to hold an essential moving average of 200-Day, and if it sustains above 200-DMA will give a good recovery in the short term.
The volume over the monthly chart is recording lower, which falls below the average line and needs to improve sharply. Similarly, either side breakout will give a good momentum in upcoming trading sessions. Support on the lower side is at $62 and $55, whereas $82 and $105 will be acting as resistance levels.
Filecoin Trading Sideways At Weekly Chart
Filecoin over the weekly chart is trading sideways or consolidating with no sign of any significant momentum. Similarly, the technical parameters are also indicating the sideways or flat momentum in the short term. Presently the coin is trading at $71.39 with intraday gains of +2.24% at the time of press. Whereas, volume to market cap ratio stands at 0.104 with a 24-hours volume of $555,501,425. FIL is standing at 25th rank with a total market capitalization of $5,329,292,885, up by +2.24%, according to coinmarketcap.com.
Relative Strength Index (NEUTRAL): Filecoin token’s RSI is presently projecting sideways momentum over the weekly chart with no sign of any acceleration.
Moving Average Convergence Divergence (NEUTRAL) currently indicates a mixed trend on the daily chart. The buyer’s signal line (green) and the seller’s line (red) overlap each other.
Support levels:$62 and $55
Resistance levels: $82 and $105