Filecoin (FIL) May Keep Soaring Against Headwind

Filecoin prices have capitalized on the tailwind to rise through resistance levels. Technical indicators are showing strong indications that tailwinds are still strong and seem ready to keep pushing prices higher.

Filecoin Analysis Data
FIL Value Now: $4.88
FIL Market Cap: $2,068,027,985.8
Filecoin Moving Supply: —
FIL Total Supply: 9,309,999.99
Filecoin CoinMarketCap Ranking: 31

Major Price Levels:
Top: $4.88, $5.00, and $5.40
Base: $4.50, $4.00, and $3.50

Filecoin (FIL) May Extend Profit Towards Higher Price Levels

During the past two trading sessions on the Filecoin daily market, price action took off the middle limit of the used Bollinger Bands. In the ongoing trading session, price activities seem to have increased in volatility. This has given more upside push to the price action. In addition, the Relative Strength Index (RSI) indicator shows that upside strength is increasing in this market. The lines of the RSI are projected upwards, and even as this line seems to be attempting a bearish crossover, it is still projected upwards. Consequently, this shows that buyers may be stronger than sellers in this market.

Filcoin (FIL) Gazes Toward the $5.00 Price Mark

The FIL/USD 4-hour market is showing that buyers have caused price movement to regain focus on the $5.00 price mark. This can be perceived as the RSI indicator curves having aborted a bearish crossover near the 55 levels of the indicator. Also, it could be observed that the last price was a green one, indicating that buyers are now in control. Since the lines of the RSI have aborted a bearish crossover and are now trending upwards, this suggests that the price retracement may continue toward the $5.00 mark.

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