2024

Filecoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>Filecoin crypto price climbed higher after getting buyers back from the 200-Day EMA.</a></li>
 <li><span>2</span> <a>The FIL/USD pair reversed after attaining $8 and is struggling to get support near $5.</a></li>
</ul>
<p>Filecoin crypto price shows negative development on Tuesday, snapping almost all of yesterday’s gains. The crypto started the week with a positive bias and added over 3% to its market capitalization on Monday. However, the bears made a comeback today and erased yesterday’s gains.&nbsp;</p>
<p>The&nbsp; FIL token is near yesterday’s low and waiting for either side to dominate the tug of war. Both the bulls and bears are in a tough fight and trying to drag the price in their territory.</p>
<p>The closing price of Today’s session may decide the trend for the rest of the week. If the sellers continue to drag the price lower below Monday’s closing. The price may retrace the 200-Day EMA.</p>
<p>On the other side, if the buyers again lift the price higher in the bullish territory, the FIL crypto may surpass the 50 and 20-Day EMAs on the higher side.</p>
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 <figure class="aligncenter"><img loading="lazy" decoding="async" width="952" height="498" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-589.png" alt="Filecoin Finds Support Near 200 EMA: Is FIL Set For a Recovery?" class="wp-image-190720" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-589.png 952w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-589-300x157.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-589-768x402.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-589-750x392.png 750w" sizes="(max-width: 952px) 100vw, 952px">
 </figure>
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<h2 class="wp-block-heading" id="strong-filecoin-crypto-price-technical-analysis-strong"><strong>Filecoin Crypto Price Technical Analysis&nbsp;</strong></h2>
<p>Recently, Filecoin price dropped sharply after suffering rejection near the round level of $8 and slumped, breaking below the 20-Day EMA. The buyers attempted to hold near the 50-Day EMA which the price broke after a small consolidation.&nbsp;</p>
<p>Earlier, the FIL crypto persisted in a strong bullish trend in the past three months and surged from $3 in mid-October to a high of $8 in the 1st week of January, highlighting a strong outlook. However, the long-term trend lies on the positive side as the price has not broken below 200-Day EMA and any major swing low.</p>
<p>Currently, the price has taken a bounce from the 200-Day EMA, suggesting the presence of buyers near it. On the lower side, the 200-Day EMA and $5 level might be the last defending zone for the buyers to keep the long term trend in their favor.&nbsp;</p>
<p>Now, any breakdown below the 200-Day EMA may turn the long term trend bearish and the FIL crypto may experience a sharp selloff.&nbsp;</p>
<p>However, if the bulls hold firmly near the lower levels and surge the price higher again, it may resume its long-term bullish trend and challenge upper levels.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-filecoin-price-prediction-january-2024-strong"><strong>Filecoin Price Prediction January 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-1024x472.png" alt="Filecoin Finds Support Near 200 EMA: Is FIL Set For a Recovery?" class="wp-image-190718" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-588.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   FIL/USD Chart by TradingView
  </figcaption>
 </figure>
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<p>As per the most optimistic view of our analysts, the<a href="https://www.thecoinrepublic.com/2024/01/29/crypto-adoption-is-surging-in-european-market-says-a-research/" target="_blank" rel="noopener noreferrer nofollow"> FIL price </a>could reach a high of $5.56 by the end of the month. The bearish view of the analysts hopes for FIL crypto to retest the 200-Day EMA which is currently placed at 4.81.</p>
<h2 class="wp-block-heading" id="strong-filecoin-price-prediction-2024-strong"><strong>Filecoin Price Prediction 2024</strong></h2>
<p>The price prediction for 2024 shows that the Filecoin crypto may rise to a high of $8.81 by the end of 2024 if a positive trend prevails. However, the less optimistic analysts estimate a price target of $7.08 by the end of 2024.</p>
<p><strong>Filecoin Price Prediction 2025</strong></p>
<p>As per the most positive view of our analysts, the FIL price may attain $12.07 by 2025, suggesting an upside potential of 132.38%. On the other hand, the most pessimistic view of the analysts expects the price to reach $9.20 by the end of 2025.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Filecoin Finds Support Near 200 EMA: Is FIL Set For a Recovery?

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