NewsBTC
2022-09-03 22:50:22

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

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...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.