Filecoin price Analysis shows that FIL prices have set a negative market trend after a series of bearish moves. Filecoin price support has been set at the $ 7.33 level after bearish market movements before the price was revised. However, the $ 8.11 level remains the main resistance to the price, and bulls need to push it up to further raise the price.
Filecoin price Analysis shows that the FIL / USD pair is trading in the range of $ 7.33 to $ 8.11 and has risen 3.17 percent in the last 24 hours. The FIL price trading volume is currently $ 270,062,426 and the market capitalization is $ 1,561,696,842. Digital assets dominate with a market share of 0.140642% and are currently ranked 38th overall in the market.
Filecoin Price Action on Daily Chart: FIL / USD Faces Resistance at $ 8.11
1 day Filecoin price The analysis chart shows the market currently dominated by bears after prices have fallen to a support level of $ 7.33. Over the past 24 hours, prices have faced resistance at $ 8.11 levels, and bearish moves have caused prices to fall. However, the $ 7.33 support level seems strong enough to maintain the price, and a bullish reversal is currently underway.
The Relative Strength Index for the FIL / USD pair is currently 54.31, indicating a market that is neither overbought nor oversold. The MACD indicator is also in the bearish territory, but is slowly moving towards a bullish crossover. The EMA Ribbons, on the other hand, are currently stacked in descending order of periods, indicating a bullish situation.
Filecoin Price Analysis on 4-Hour Price Chart: Minor Bearish Pressure on Digital Assets
Digital assets are currently trading below the $ 8.11 resistance level, so the 4-hour Filecoin price analysis chart shows a bearish trend. A down channel is also formed as the price is currently trading around $ 7.80. The $ 7.33 support level is still strong, but below this level the price could move towards the $ 6.88 support level.
The RSI index for the FIL / USD pair is currently 45.91, indicating a market in a bearish territory. The MACD indicator is below the 0.00 level, but is slowly moving towards a bullish crossover. The EMA is below the price action and is currently stacked in descending order of time.
Filecoin price analysis conclusions
Today’s Filecoin price analysis shows a continuous downtrend as the Bulls are trying to maintain a support level of $ 7.33. Bears have been obsessed with lowering prices below the $ 8 level. Digital assets are currently trading between $ 7.33 and $ 8.11 support levels. Buyers need to push up the $ 8.11 level to raise prices further. The bearish move could move towards a support level with a price of $ 6.88.
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