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The post <a href="https://coinpedia.org/price-analysis/filecoin-price-prediction-will-fil-price-surge-100-in-march/" rel="noopener noreferrer nofollow">Filecoin Price Prediction: Will FIL Price Surge 100% in March?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Rising the ranks to enter the Top20 cryptocurrency list, Filecoin, with a $5.274 Billion market cap, stands as the 22nd biggest crypto in the industry. With the recent rise in bullish momentum, the turnaround story in the FIL price trend comes with a huge forward potential.
With buyers reclaiming the psychological mark of $10, Filecoin is heading straight on the bullish path. As the bull run continues, how high will the FIL price go? Read our <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" rel="noopener noreferrer nofollow">FIL price prediction</a> NOW to find out.&nbsp;
<h2 class="wp-block-heading" id="h-filecoin-buyers-ignite-trend-reversal-nbsp">Filecoin Buyers Ignite Trend Reversal&nbsp;</h2>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27-1024x509.png" alt="" class="wp-image-274988" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/04113223/image-27.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/eRgYJ2Kd/" rel="noopener noreferrer nofollow">Tradingview</a>
With the recent rounding bottom reversal, the FIL price concludes the long-term sideways trend during the crypto winter. As the entire market warms up, the start of the upcoming altcoin season ignites a reversal rally in Filecoin.&nbsp;
Currently, the FIL price trades at $10.11 as it surpasses the 23.60% Fibonacci level and makes a peak at $10.90. Further, the intraday drop of 3.76% comes as a retest of the broken $10 psychological zone and aims for a stronger comeback.
Hence, the weekly chart of Filecoin presents a trend reversal picture with a magnificent bullish comeback story.
Technical Indicators:
RSI: With the price jump, the daily RSI line spikes into the overbought boundary reflecting a significant rise in underlying demand.
<h2 class="wp-block-heading" id="h-will-fil-price-reach-20">Will FIL Price Reach $20?</h2>
With a consistent 29% growth for the past two weeks, the streak of bullish engulfing candles in the weekly chart continues. Further, the 71% rise in trading volume supporting the bull run hints at a trend continuation.&nbsp;
Optimistically, the FIL price could reach the 78.60% Fibonacci level at the $20 mark, with a potential 100% jump. On the flip side, a retest of the 23.60% fib level is possible.&nbsp;

Filecoin Price Prediction: Will FIL Price Surge 100% in March?

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