FIlecoin (FIL) Continues to Close in on Target at the $5.00 Mark

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

The FILUSD price action has moved upward by a whopping 18.97% within 24 hours. Even at that, price action is still behaving as if more upside retracement is on the way. Let’s dive in to see what may soon happen in this market.

FIL Statistics
Filecoin Value Now: $4.82
Fillecoin Market Cap: $2,081,862,342
Filecoin Circulating Supply: 433,557,235 FIL
FIL Total Supply: 1,962,043,086
Filecoin CoinMarketCap Ranking: 30

Major Price Levels:
Top: $4.82, $5.20, and $5.70
Base: $4.52, $4.00, and $3.60

FIlecoin (FIL) Continues to Close in on Target at the $5.00 Mark

FILUSD is Already Testing the $5.00 Price Ceiling


In more recent times, price action in the FILUSD market has recorded consistent gains, which has set an upward path for price action in this market. However, this token has gained significant traction in the ongoing session.


An interesting thing here is that price action seems not to have drawn the attention of bears. Meanwhile, the Relative Strength Index (RSI) indicator retains its upside bearing as the leading line has now reached the 100 level mark.


At this point, the last price candle has pushed prices closer to the $5.00 mark. Additionally, the wick of this price candle is now testing the mentioned price ceiling. An increase in upside momentum will aid a stronger upside retracement.

FIlecoin (FIL) Continues to Close in on Target at the $5.00 Mark

Filecoin’s Price Is Determined to Keep Rising


The bulls are very determined to keep pushing Filcoin’s prices higher, even in the 4-hour market. It could be seen that a new session has started, and given the appearance of the price candle that represents this session, buyers are at an advantage.


The last price candle here is now far above the MA lines. Consequently, this seems to maintain that upside forces are very strong. And unless strong selling pressure is mounted, prices may keep rising.


Meanwhile, the RSI lines are now glued together but seem ready to keep moving into the overbought region.


Since there is no clear crossover, price action may keep extending upside towards the $5.50 mark.

Buy FIL on eToro

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *