2024

Filecoin

Bitcoin

Captain

The post <a href="https://coinpedia.org/price-analysis/this-popular-altcoin-is-poised-for-a-1000-jump-to-hit-100-in-2024/">This Popular Altcoin is Poised for a 1000% Jump to Hit $100 in 2024</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto markets entered a standstill position without displaying any major price action after the recent recovery. It indicates the tokens could be preparing for a healthy upswing and, hence, accumulating gains before the next upswing. <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> is, however, maintaining a similar price action but this popular altcoin is expected to go long throughout 2024.&nbsp; 
Filecoin (FIL) has maintained its volatility since the 2022 bear market and displayed significant price variations, being indifferent to the other major altcoins. The volume also remained within a decent level that spiked enormously as the price rebounded from the lows around $3. The <a href="https://coinpedia.org/price-prediction/filecoin-fil-price-prediction/" target="_blank" rel="noreferrer noopener">FIL price</a> soared by nearly 280% but failed to soar beyond the first target, which attracted an inverse price action.&nbsp; 
Regardless of this, the altcoin appears to be extremely poised to surpass the higher targets. Moreover, the upcoming bull run is also expected to trigger a 10x rally to hit $100, as predicted by a popular analyst, <a href="https://twitter.com/CryptoFaibik/status/1773548025937334326" target="_blank" rel="noreferrer noopener nofollow">Captain Faibik</a>.&nbsp; 
<figure class="wp-block-image size-full is-resized">
 <img decoding="async" width="512" height="236" src="https://image.coinpedia.org/wp-content/uploads/2024/03/29104421/fil-1.png" alt="" class="wp-image-284202" style="width: 100%" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/29104421/fil-1.png 512w, https://image.coinpedia.org/wp-content/uploads/2024/03/29104421/fil-1-300x138.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/29104421/fil-1-150x69.png 150w" sizes="(max-width: 512px) 100vw, 512px">
</figure> 
The weekly price chart of Filecoin displays a breakout from the descending resistance, which has turned out to be a strong support in times of a retest. The FIL price appears to have triggered a healthy upswing after a retest, which suggests the bullish trajectory has come into action. Hence, the analyst believes the FIL price could maintain a healthy upswing for the rest of the year and eventually hit a three-digit figure before the end of the year. 
Also Check Out The : <a href="https://coinpedia.org/price-analysis/memecoin-mania-reconkning-floki-bonk-and-shib-follow-the-doge-price-rally/">Memecoin Mania Reconkning: FLOKI, BONK, and SHIB Follow the DOGE Price Rally</a>&nbsp; 
The FIL price holds its ATH above $237 during the 2021 bull run and from a longer perspective, the token continues to trade within a consolidation zone. To trigger a fine bull run, the price is required to surpass three major target areas at $11.46, $14.52 and $15.64. Rising above these levels may enable the token to encounter the major resistance zone between $17 and $20. Once the Filecoin price reaches and surpasses these levels, it suggests a rise above bearish influence. By this time, the markets could have turned optimistic, which may propel prices higher for the rest of the year. 
Read More: <a href="https://coinpedia.org/price-analysis/mantle-price-surges-45-mnt-price-poised-to-hit-1-5-this-week/">Mantle Price Surges 45%! MNT Price Poised To Hit $1.5 This Week?</a>

This Popular Altcoin is Poised for a 1000% Jump to Hit $100 in 2024

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