Rose

Long

Filecoin

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Filecoin price prediction says more scope for upside is open and new swings high may be visible.</a></li>
 <li><span>2</span> <a>FIL price rose 57% in December 2023 and displayed a massive breakout from the $6.00 hurdle.&nbsp;</a></li>
 <li><span>3</span> <a>The EMAs displayed a golden crossover, which fueled the upward momentum.</a></li>
</ul>
<p>Filecoin price prediction suggests an uptrend may continue and new swings are possible in coming months. The FIL crypto is displaying a bullish pattern and the price is rising upward by forming high candles.&nbsp;</p>
<p>Meanwhile, the buying volume is also on the rise, and price is positively correlated with volume. It is an indication that big players might have injected the money and participated in the rally.&nbsp;</p>
<p>Filecoin price continues to trade above the 50-day and 200-day EMAs. It shows the confidence of investors and more room for upside is open. Moreover, the EMAs of the FIL crypto displayed a golden crossover, which boosted the momentum and fueled the rally.&nbsp;</p>
<p>Recently, this coin broke out of the $6.00 barrier, which triggered the positive sentiment and pushed toward $8.00. The next visible hurdle on the chart placed at $9.148. If the momentum continues and buyers succeed in breaking the $9.148 hurdle, the next phase of the rally might get triggered.&nbsp;</p>
<p>Currently, the pair of FIL/USDT is trading at $7.519 with a one-day uptick of 4.81%. In the last 24 hours, the volume-to-market cap ratio stands at 0.1651.</p>
<h2 class="wp-block-heading" id="strong-will-filecoin-price-perform-well-in-january-2024-strong"><strong>Will Filecoin Price Perform Well in January 2024?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/g0axGwUeDqFCh3Et-m2zSJbL6bWCEsfGlL05dNnHA5rIsxmDqptsshZ6tprAl5ryrMImZgtx64Tw28RDxsRs8BEk-2Wuc1tww4spgQpEEEr7AWFWYEkdVn1_jnPJyqmiNYxEEvKaRVvPqIoUezcOQKU" alt="Filecoin Price (FIL) Rose 57%; Is It a Good Pick for Long Term?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/874h1DYT/" rel="noopener noreferrer nofollow">FIL/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>Filecoin price rose 57% in the last month and generated a nominal return for its investors. The chart structure of this crypto looks promising and the possibility of continuing the upward momentum remains high.&nbsp;</p>
<p>Till the price sustains above $6.00 support, the buyers will be active. Any short-term correction toward the support will have a high possibility of showing a bounce.&nbsp;</p>
<p>Therefore, the risk of the downside looks limited. So, investors can look to buy <a href="https://www.thecoinrepublic.com/2024/01/02/filecoin-price-breakout-is-here-will-fil-reach-10-soon/" rel="noopener noreferrer nofollow">Filecoin </a>at current levels and participate in the bull run.</p>
<h3 class="wp-block-heading" id="strong-what-if-fil-price-loses-the-momentum-strong"><strong>What if FIL Price Loses the Momentum?</strong></h3> 
<div class="tradingview-widget-container">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div>
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:FILUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script>
</div> 
<p>FIL price is forming a bullish pattern on a daily and weekly time frame chart. This<a href="https://www.thecoinrepublic.com/2024/01/02/filecoin-price-breakout-is-here-will-fil-reach-10-soon/" target="_blank" rel="noopener noreferrer nofollow"> crypto </a>is heading toward the YTD high, which will be the crucial hurdle for the bulls. The next directional move will be visible after the $9.148 breakout.&nbsp;</p>
<p>However, if the price loses momentum near the supply zone and faces rejection, it may retrace back to the 50-day EMA.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Filecoin price prediction suggests bulls will dominate and lead the rally in January&nbsp; 2024. It seems to be a good pick for long-term investment. So, investors should add FIL&nbsp; crypto to their portfolio and participate in the bull run.</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $9.148 and $11.412</li>
 <li>Support levels: $6.305 and $5.364</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 (FIL) Rose 57%; Is It a Good Pick for Long Term?

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Thecoinrepublic.com

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