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The post <a href="https://coinpedia.org/price-analysis/filecoin-price-prediction-buyers-pick-12-as-fil-price-target/">Filecoin Price Prediction: Buyers Pick $12 As FIL Price Target</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a $3.84 Billion market cap, the 27th biggest crypto in the world, Filecoin, is making waves in the industry. Turning around with a boost in buying pressure, the FIL price trend is back with a bang and eyes the $12 mark.&nbsp;&nbsp; 
Challenging the previous peak above the $7 level, the uptrend continuation teases a breakout event for more sideline traders to enter with confidence. Will this recovery put Filecoin in the Top 10 list, or will it lift the FIL price beyond $10? Read our <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">FIL price prediction</a> NOW to find out.&nbsp; 
<h2 class="wp-block-heading" id="h-filecoin-turns-the-bullish-zen-mode-on">Filecoin Turns The Bullish-Zen Mode ON!</h2> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139-1024x464.png" alt="" class="wp-image-271364" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/20123305/image-139.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source: <a href="https://www.tradingview.com/x/K9q8Yn5g/">Tradingview</a> 
With the double bottom reversal from the psychological mark of $5 gaining momentum, the FIL price starts a trend reversal. As the market gains momentum, Filecoin is trending among the top performers.&nbsp;&nbsp; 
Currently, the FIL coin price shows a rounding bottom pattern with a neckline at $7.56, teasing a breakout. Further, the 222% jump in the trading volume represents the bulk of buyers supporting the uptrend.&nbsp; 
The overnight support comes with the successful integration of Filecoin with the Solana ecosystem, an already trending and thriving network. Thus, the sentiments take a positive push from this event, making it a “Buy-the-news” for Filecoin.&nbsp; 
Currently, the FIL price trades at $7.51 with an intraday move of 1.47%, reflecting additional momentum left in the altcoin.&nbsp; 
<h2 class="wp-block-heading" id="h-will-fil-price-reach-12">Will FIL Price Reach $12?</h2> 
With the altcoin price trading above the 78.60% Fibonacci level, the probability supports the bullish trend continuation. Further, the breakout of the $7.56 neckline will signal a breakout run for the psychological mark of $10. Optimistically, the trend continuation eyes the $12 mark aligning with the 1.618 Fibonacci level. 
On the flip side, a retest of the 78.60% fib level is possible.&nbsp;

Filecoin Price Prediction: Buyers Pick $12 As FIL Price Target

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