- The Filecoin crypto price has formed a double-bottom pattern by taking support on 200-day EMA.
- Filecoin price is up by 10.36% in the past five days.
The Filecoin (FIL) price has been bullish since October and jumped by 142% until December. However, the bullish trend was disturbed near the $8 level. In January, the FIL crypto price declined by 35% indicating selling pressure. The price has been rising by taking support on the trendline.
Current Price – $5.38 Fear & Greed Index – 72 (greed)
Market cap – $2.72B Green Days – 15/30 (50%)
Volume – $151.42M Price Prediction – $5.70 (6.50%)
Sentiment – Bullish RSI – $4.84
Volatility – 7.58% 200-day EMA – 52.57
The Filecoin crypto price is forecasted to gain 6.50% to hit $5.70 by February 14, 2024. The fear and greed index is 72 (greed) and the volatility is 7.58%. The FIL price has performed positively for 15 days in the past 30 days, suggesting neutral momentum.
The current market price of FIL is $5.38 with a gain of 2.76% in the past 24 hours. The market capitalization of Filecoin crypto is $2.72 billion and according to the market cap, it ranks 35th in the cryptocurrency market. The 24-hour trading volume of Filecoin is $151.42 million with a rise of 34%.
Filecoin Price Technical Analysis Over the Daily Timeframe
On a daily time frame, the Filecoin price has witnessed selling pressure in the past month and has formed a double-bottom pattern. The price has surpassed the 20-day moving average and risen by 10% in the last 5 days.
In the past three months, the Filecoin crypto price has faced resistance from the $5.50 hurdle and the price is currently near the resistance level. It is struggling between the resistance level and the 200-day moving average.
If the FIL price fails to sustain the $5.50 mark and forms a bearish candlestick that closes below the 20-day moving average, sellers may become confident which may lead to negative momentum.
As we can see on the chart, the Filecoin price has performed positively after a bounce back from the 200-day moving average. If the FIL price manages to extend to $6.50 and sustains, buyers may lift the price to the recent high and a bullish trend can be expected.
Filecoin Price Forecast FAQs
What is the FIL price forecast for today?
Filecoin crypto price is forecasted to gain 4.41% to reach $5.46 by today.
What is the FIL price prediction tomorrow?
According to our technical analysis, the Filecoin price is predicted to perform bullishly and will hit $5.59 by gaining 2.90%.
What is the current FIL price sentiment?
The current FIL price prediction sentiment is bullish according to our technical analysis.
What is the Filecoin price forecast for this week?
Based on our analysis, the FIL price is forecasted to remain bullish and may range between $5.22 & $5.85 by tomorrow.
Conclusion
Based on the technical analysis and market trends, the Filecoin (FIL) crypto price is forecasted to gain momentum and may rise by 6.50% to reach $5.70 by February 14, 2024. The current sentiment is bullish and the volatility is 7.58%. The FIL price has formed a double-bottom pattern, and buyers are expected to lift the price to the recent high, resulting in a bullish trend.
Technical Levels
Resistance: $6.50 & $8.00
Support: $4.80 & $4.20
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.