Filecoin price increased by 26.92% over the past 24 hours.

Filecoin price increased by 26.92% over the past 24 hours.

Performance after Sunday 31-Jul
Period Pct Chg Momentum
Sunday 21.67% 1.74
Week ending 2022-07-31 73.23% 4.13
July 80.93% 4.37

FIL Analysis

Filecoin (FILUSDT) price for the week ending 2022-07-31 gained 73.23% or 4.13 higher to 10.89. At time of writing into Monday’s trading session, Filecoin has increased by 26.92% over the past 24 hours. For the record, FILUSDT is -95.40% below all-time high of 236.84. On Sunday, FIL rose 21.67% to 9.77.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising but in overbought zone, our analysis is that there is bullish momentum and price could continue to go higher.

End of July, FIL is up by 80.93% or 4.37 higher.

What can we expect from Filecoin today?

Looking ahead on Monday, immediate upside resistance level at 11.02 (R1) while on the downside, we are looking at daily low of 7.92 as an important support. Break below this level could weaken the current bullish momentum.
Filecoin need to break on either side to indicate a short-term bias. A break above 10.72 would suggest bullish bias after recent positive movement.

For the week ending 2022-07-31, take note that Filecoin is rising and up by 73.23% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-24 was -0.70%.

Key levels to watch out:

R3 13.82
R2 12.27
R1 11.02
Daily Pivot 9.47
S1 8.22
S2 6.67
S3 5.42

Last updated: 03:41 am UTC, 01-Aug 2022

About Filecoin

The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.

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