- The Filecoin price is negative, around -5.5% during intraday.
- The 24-hour trading volume is at $956 million.
- FIL/BTC pair is trading negative by -6.7% at 0.00132312 BTC.
The daily technical chart and price trend of Filecoin show a bearish trend. Based on the pivot point, the first support zone is 30 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 100 USDT. Therefore, the chart created a bearish harami candlestick pattern during the day, and the cost is confident that it will remain downside with unwavering medium strength.
The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost is struggling to break over the red ribbon. This guarantees a fall in FIL until it is below the ribbon.
Trading volume (2.00 M) is below the 20-day moving average (5.160 M). The volume is moderate, so cost is struggling below the pivot point. Investors may also see the volume bar on the chart tilted. This indicates that anomalous instability is common on subsequent trading days.
The RSI indicator gave a signal (bearish) with 46, projecting a sell signal in the currency. Investors can observe a declined slope from 50 to 46. It can fall in future trading sessions.
Long-Term Perspective of The Price of Filecoin
The weekly technical chart and price trend of Filecoin show a bearish trend. Based on the Fibonacci retracement levels, the support zone is 40 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 160 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.
So, Filecoin is priced at $66.96 today and has a 24-hour trading volume of $956,508,539. FIL prices have fallen -5.5% in the last 24 hours. It has a circulation of 110 million FIL coins and a total inventory of 1.97 billion. The RSI points to a selling signal, and the traders have prompted moderate volume. In fact, the cost is struggling below the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bearish over the following trading days.
Resistance Level: $100 & $140
Support Level: $30 & $40
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