FIL/USD Keeps Trading Around $4.6 Level

The Filecoin price prediction shows that FIL is pushing strongly through the $5.0 resistance but could fall below the moving averages.

Filecoin Prediction Statistics Data:

• Filecoin price now – $4.6
• Filecoin market cap – $2 billion
• Filecoin circulating supply – 433.5 million
• Filecoin total supply – 1.9 billion
• Filecoin Coinmarketcap ranking – #30

FIL/USD Market

Key Levels:

Resistance levels: $6.00, $6.20, $6.40

Support levels: $3.00, $2.80, $2.60

FIL/USD begins a fresh increase from the $4.32 support zone as the price continues to rise above the 9-day and 21-day moving averages; it is likely for the crypto to accelerate higher if it breaks above the upper boundary of the channel.

Filecoin Price Prediction: How Far Can FIL/USD Go?

Currently, the Filecoin price is trading at $4.61 after adding 1.50% to its value on the day. The strength of the coin is opening the door for a massive recovery movement targeting $5.0. Meanwhile, from a technical perspective, FIL/USD is capable of tackling the hurdles toward the upside as the Relative Strength Index (14) remains above 60-level.

Nonetheless, it seems like the bulls may aim for a clear break above the $5.00 and $5.20 levels in the coming sessions. If they are successful with the break, the resistance levels of $6.00, $6.20, and $6.40 may come into play. In the event a reversal ensues, traders could be alert for critical support levels at $3.00, $2.80, and $2.60 respectively.

Against Bitcoin, the Filecoin price heads toward the upside as the coin trades at 1525 SAT and expects another break above the upper boundary of the channel. Looking at the daily chart, traders can see that the bulls are dominating the market and the next resistance level may come at 1900 SAT and above.

Meanwhile, on the downside, a possible bearish movement could bring the market below the 9-day and 21-day moving averages which could touch the support level at 1200 SAT and below. However, the technical indicator Relative Strength Index (14) reveals that the signal line is likely to cross above the 60-level, which could trigger more bullish signals in the market.

Filecoin Alternatives

The Filecoin price may continue to refresh to the upside as the coin currently trades at $4.61 with a bullish crossover and trend intraday. Today, the Filecoin price is likely to cross above the upper boundary of the channel as higher resistance may come in the next positive direction.

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