- Filecoin price over the monthly chart is trying to rebound from the lower levels, as its falls below all major moving averages of 20, 50, 100 and 200-day lines.
- The crypto asset is trading below all vital moving averages, and the short term moving average of 20-DMA is heading for a negative crossover, with lower volume action.
- The pair of FIL/BTC is trading at 0.001374 BTC with a minor 24-hour gain of +0.56%, and the ratio of FIL/ETH is CMP at 0.01981 ETH with an intraday growth +0.59%.
Filecoin price is trying to rebound from the lower levels after a sharp selloff from the higher levels. Moreover, the crypto asset witnesses a slight buying interest from the lower levels and currently trying to gain momentum. Volume over the chart was gradually declining and recorded below its average line, which needs to grow strongly for an upcoming pullback.
Currently, the crypto asset is trading below its all vital moving averages of 20, 50, 100 and 200-day lines. The bulls need to push the token above its critical moving averages line of 100 and 200-day lines, with supportive volume action. Support on the lower side is $54.75 and $48.20, whereas resistance on the higher side is $69.98 and $76.75.
Filecoin price is trying to gain momentum from the lower levels after sharp decline
Filecoin price over to gain momentum from the lower levels after a sharp decline from the higher levels. The technical parameters are gradually turning positive after testing the oversold area over the 4-hour time frame. Volume activity at the chart also increases and is recorded near the average line. FIL token is trading at $59.49 with an gain of +3.29%, and the volume to market cap ratio is 0.1608.
Relative Strength Index (BULLISH): Filecoin price RSI is trading under positive momentum after a gradual growth from lower levels. The coin is moving higher with a good recovery from the oversold zone and CMP at 50.
Moving Average Convergence Divergence (BULLISH): The daily chart indicates a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red).
Support levels: $54.75 and $48.20
Resistance levels: $69.98 and $76.75.