Filecoin

Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>Filecoin price is trading above the key moving averages showcasing bullishness.</a></li>
 <li><span>2</span> <a>FIL price is heading towards the $10 mark as bulls are supporting the price.</a></li>
</ul>
<p>FileCoin is the decentralized storage protocol token that encourages the FileCoin network. The token rewards users to store and fetch data from storage providers worldwide. It creates a low-cost, secure, and reliable market for file storage.&nbsp;</p>
<p>The FileCoin protocol is designed to make file storage and retrieval more safe, dependable, and affordable than traditional centralized storage systems. It allows users to access a decentralized storage market with the trustless infrastructure of Web3.</p>
<h2 class="wp-block-heading" id="strong-filecoin-price-history-and-overview-strong"><strong>Filecoin Price History and Overview</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445-1024x456.png" alt="Filecoin Price Prediction; Will FIL Reach the level OF $10?" class="wp-image-194654" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-445.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p>The Filecoin initial coin offering (ICO) price started at $1, and rose by $1 for every $40 Million raised, capped at $6 per token. The ICO was conducted on August 10th, 2017 and the Filecoin team has successfully raised over $200 Million in funding.</p>
<p>The trading volume of Filecoin crypto has been $450 Million in the last 24 hours, representing an 8.60% increase from one day ago and signaling a recent rise in market activity.</p>
<p>The highest price for FIL is $236.84, recorded on Apr 01, 2021, for almost 3 years. Comparatively, the current price is 96.56% lower than the all-time high price. The lowest price for FIL crypto is $2.64, recorded on Dec 16, 2022 (about 1 year). Comparatively, the current price is 208.36% higher than the all-time low price.<br><br>The market capitalization of FIL is $4.2 Billion and is ranked #27 on CoinGecko today. Market cap is measured by multiplying the token price with the circulating supply of FIL tokens (520 Million tokens are tradable on the market today).</p>
<p>The fully diluted valuation (FDV) of FIL is $15.9 Billion. This is a statistical representation of the maximum market cap, assuming the maximum number of 2 Billion FIL tokens are in circulation today. Depending on how the emission schedule of FIL tokens is designed, it might take multiple years before FDV is realized.</p>
<h2 class="wp-block-heading" id="strong-filecoin-is-looking-bullish-will-it-reach-the-10-mark-strong"><strong>Filecoin is Looking Bullish Will it Reach the $10 Mark?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446-1024x456.png" alt="Filecoin Price Prediction; Will FIL Reach the level OF $10?" class="wp-image-194660" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-446.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: TradingView
  </figcaption>
 </figure>
</div>
<p>Filecoin showed buyer strength on the daily technical chart. Moreover, the price is trading above the major EMA, indicating further strength for the cryptocurrency. The RSI curve is near 76, an oversold zone, with a negative outlook indicating bullish sentiment in the cryptocurrency. The MACD indicator also continued to form a green band and a bullish crossover appeared, highlighting a bullish move.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary&nbsp;</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2024/02/26/rocket-pool-crypto-a-deep-technical-overview-of-rpl-token-2/" target="_blank" rel="noopener noreferrer nofollow">Filecoin price</a> is heading in the upward direction with the buyer’s support. The price is trading above the key moving averages. The key indicators support the price. The price action denotes the bullishness of the price.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p>Support Levels: $6.193 and $5.649</p>
<p>Resistance Levels: $9.00 and $10.00</p>
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.</p>

Filecoin Price Prediction; Will FIL Reach the level OF $10?

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