- The FIL coin indicates the 50 and 100-day can soon provide bullish crossover
- The FIL/BTC pair was trading at 0.001666 BTC with a gain of 7.78%
- The 24 hr trading volume in FIL coin is $1.15 Billion
The FIL coin showcased a slight wavering movement in its chart from a month ago. However, today, the price was finally able to breach the crucial resistance of $80, which has been holding the price up till now. Anyway, the FIL trader still needs to wait for the candle to close above this level to confirm the breakout. The current price of the FIL coin is $82.8, with an intraday gain of 6.6%
Regarding the EMA’s, the FIL coin shows a bullish trend as it is trading above the critical EMA of 20, 50, 100, and 200. In addition, the chart also shows a reasonable possibility of 50 and 100 EAM to provide bullish crossover, luring even more buyers in this coin.
The RSI (BULLISH) value is at 64, indicating a bullish sentiment in this coin. However, investors can observe a bullish divergence in the RSI(marked on the chart), indicating the decreasing strength of the coin bulls.
FIL Coin Chart In The 4hr Time Frame
In his 4hr time frame chart, the FIL coin has showcased a decisive breakout from $80 resistance with a significant surge in the trading volume, indicating the interest of market participants for this trade. However, the price is yet to provide its retest, providing a great entry opportunity once the breakout is confirmed.
The MACD indicator shows bullish momentum as both the MACD and signal are moving above the neutral zone. In addition, the indicator has also provided a bullish crossover of these lines, projecting a buy signal.
Conclusion: From the technical perspective, the overall sentiment of the FIl coin is bullish. And As mentioned above, the coin presents an excellent opportunity for its traders with the price trying to reclaim the $80 mark, which could provide a fantastic target to the $95 level.
Support– $80
Resistance- $86