- Filecoin token over the monthly chart is struggling or facing slight rejection near its major moving averages of 50, 100, and 200-day lines.
- The digital asset is presently trying to suppress its vital DMA of 50, 100, and 200-day lines while jumps above its short-term moving average of the 20-day line.
- The pair of FIL/BTC is trading at 0.001455 BTC with a 24-hour increment of +3.48%, and the ratio of FIL/ETH is CMP at 0.02121 ETH with an intraday jump +6.29%.
Filecoin token is presently trying to suppress its make or break levels of 50, 100, and 200-day lines after a strong bullish rally from lower levels. The digital asset is struggling near its critical moving averages, with average volume activity over the monthly charts. Volume over the monthly chart is recorded near its average line, which needs to grow more in upcoming trading sessions.
We can see a strong uptrend in forthcoming trading sessions once the FIL bulls regain their vital DMA lines. With supportive volume activity, the sustainability above its 50, 100, and 200-day moving average line will encourage more buyers. Support on the lower side is $65.50 and $55.20, whereas resistance on the higher side is $76.80 and $83.50.
Filecoin token has formed a cup with a handle pattern, CMP near the breakout point
Filecoin token at the weekly chart has formed a cup with a handle pattern and currently trading near the breakout point. The digital asset over the 4-hour time is about to break out, while the technical parameters are neutral. Over the weekly time frame, we can see a strong uptrend once the coin jumps above the critical resistance line. FIL token is trading at $71.50 with an intraday jump of +6.78%, and the volume to market cap ratio is 0.1474.
Relative Strength Index (NEUTRAL): Filecoin token RSI is trading flat after a gradual selloff from the overbought levels. The coin is currently trading sideways in the neutral zone and CMP at 62.
Moving Average Convergence Divergence (MIXED): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overlaps the seller’s line.
Support levels: $65.50 and $55.20
Resistance levels: $76.80 and $83.50.
