TA- Filecoin (FIL) Price Bounces Back On Track As Price Eyes $10

Name	Symbol	Market	Market Cap ($)	Algorithm
Filecoin	FILUSD	Crypto	2,860,309,367	PoST

Name

Symbol

Market

Market Cap ($)

Algorithm

Filecoin

FILUSD

Crypto

2,860,309,367

PoST

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.390	-6.59%	5.53	5.53	5.61

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.390

-6.59%

5.53

5.61

High Price	Low Price	Open Price	Prev. Close	52 Week Range
6.00	5.46	5.91	5.92	2.68 - 12.30

High Price

Low Price

Open Price

Prev. Close

52 Week Range

6.00

5.46

5.91

5.92

2.68 - 12.30

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	17:11:54	0.010000	5.54	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

17:11:54

0.010000

5.54

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,226,910.84	923,667.79	FIL	FILEUR	FILGBP	FILBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,226,910.84

923,667.79

TA- Filecoin (FIL) Price Bounces Back On Track As Price Eyes $10

03/09/2022 11:50pm

NEWSBTC

Filecoin (FIL) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $8 mark. Despite showing some strength occasionally, the price of Bitcoin (BTC) remains volatile as this has affected FIL. Filecoin (FIL) has struggled to break through the $5 barrier, but it may now be poised to do so. (Data from Binance) Related Reading: A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin? Filecoin (FIL) Price Analysis On The Weekly Chart FIL prices have dropped from around $240 to $4, with the price struggling to stay afloat during the bear season. The price of FIL has recently shown a glimmer of hope, rising from around $4 to $6 as more buyers invest in this coin. FIL price saw a weekly low of $5 before rebounding to $6.5 before encountering resistance to breaking above. The price of FIL remains above $6 because it has proven to be of interest to buyers. The price of FIL has risen from this region to $6.5, as the price appears promising, with good volume coming in ahead of the new weekly close. If FIL maintains this volume as the week comes to a close, the price of FIL could face its first major resistance at $8. Weekly resistance for the price of FIL – $8. Weekly support for the price of FIL – $5. Price Analysis Of AXS On The Daily (1D) Chart After falling to a daily low of $5, the price of FIL on the daily chart bounced off this area as it formed good support, rallying to a region of $6.5 with a good volume of buyers ahead of the daily and weekly closes. For the price of FIL to break above the current resistance level of $6.5, it must maintain its bullish structure with more buy orders. FIL trades $6.49 below the 50 and 200 Exponential Moving Averages (EMA). The prices at $6.8 and $14, which correspond to the 50 and 200 EMA, will keep the price of FIL from rising further. Daily (1D) resistance for the FIL price – $6.5, $8. Daily (1D) support for the FIL price – $5. Price Analysis Of FIL On The Four-Hourly (4H) Chart The price of FIL in the 4H timeframe has remained bullish after bouncing off support at $6.4 and rallying to $6.49. FIL must maintain its bullish momentum as it approaches its major resistance at $6.5-$7, which corresponds to the 23.6% Fibonacci retracement mark and serves as resistance for the FIL price. If the price of FIL breaks above this resistance level of $6.5-$7 with sufficient volume, the price of FIL could rise to $8-$10. On the 4H chart, the Relative Strength Index (RSI) for FIL is above 65, indicating buy order volume for the FIL price. Four-Hourly (1H) resistance for the FIL price – $8-10. Four-Hourly (1H) support for the FIL price – $6.4. Related Reading: Crypto Market Remains Extremely Fearful As Bitcoin Struggles At $20,000 Featured Image From Cryptowisser, Charts From

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FILUSD Filecoin