Filecoin

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Filecoin price prediction is bearish for the short term till it trades below $4.00.</a> </li> 
 <li> <span>2</span> <a>FIL price is trading below both the EMAs indicating a downtrend.</a> </li> 
 <li> <span>3</span> <a>Filecoin crypto price struggles to defend the $3.00 support.</a> </li> 
</ul> 
<p>Filecoin price prediction is bearish for the current month and suggests the pullback rally will be sold off. FIL price declined by forming lower low swings and eroded the gains generated in the past few months.&nbsp;</p> 
<p>Filecoin price is trading below the downward-sloping 50-day and 200-day EMA. It showcases the downtrend and dominance of sellers on the higher levels.&nbsp;</p> 
<p>However, the crypto price is trading far away from the EMA so a temporary pullback rally is possible. But the reliability of the up move will remain doubtful.&nbsp;</p> 
<p>In mid-August, FIL price broke down the crucial support of $3.500 with a high selling volume.&nbsp;</p> 
<p>It hurt the sentiment of its investors and invited further decline. However, the price did not collapse much and got stuck in the range between $3.000 to $3.500.&nbsp;</p> 
<p>It seems to be consolidating for the base formation but sellers look more aggressive as compared to buyers. <a href="https://www.thecoinrepublic.com/2023/08/24/filecoin-price-prediction-fil-price-fails-to-gain-momentum-where-to-next/" target="_blank" rel="noreferrer noopener">Filecoin price</a> is trading at $3.112 with an intraday decline of -0.03%. The 24-hour volume to market cap is 5.51%.</p> 
<h2 class="wp-block-heading" id="strong-will-filecoin-price-recover-from-the-yearly-low-strong"><strong>Will Filecoin Price Recover From the Yearly Low?</strong></h2> 
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  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250.png" alt="" class="wp-image-166758" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-250-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   FIL/USDT daily chart by <a href="https://www.tradingview.com/x/xGnWEvPL/" target="_blank" rel="noreferrer noopener">TradingView</a>
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</div> 
<p>Filecoin price prediction is favoring the bears and showcases consolidation that might continue for some more time. Any short-term pullbacks are getting rejected. Due to this, buyers look reluctant to build fresh long positions.&nbsp;</p> 
<p>FIL price is near its yearly lows so short-term recovery is possible. But buyers will gain confidence when prices are able to break out of the $3.500 hurdle.&nbsp;</p> 
<p>On the other hand, if the sell-off continues and prices drop below $3.00, then more downside will open.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-fil-price-fell-for-seven-consecutive-weeks-strong"><strong>FIL Price Fell for Seven Consecutive Weeks</strong></h3>  
<div class="tradingview-widget-container">
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  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "BINANCE:FILUSDT",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_7f83d"

}

  );

  </script> 
</div>  
<p>FIL price fell for seven consecutive weeks and is bearish on multiple time frames. It seems like buyers lost their confidence.&nbsp;</p> 
<p>The yearly low support is the last hope for its long-term investors. If it gets broken, then a sharp decline might be visible which will drag the prices to the multi-year low.&nbsp;</p> 
<p>The MACD displayed positive crossover but is sloping sideways indicating prices might continue the consolidation. The RSI at 31 is near the oversold territory so a relief rally may trigger anytime.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Filecoin price prediction is bearish but a short-term pullback rally is possible. FIL price is near its yearly low so buyers will try their best to rebound.&nbsp;</p> 
<p>The analysis suggests that Filecoin crypto is in bears’ grip so pullback rallies will face difficulty in holding the higher levels.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $3.600 and $4.487</li> 
 <li>Support levels: $2.995 and $2.500</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Filecoin Price Prediction: FIL Price at Yearly Low, What Next?

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