Filecoin price increased by 33.54% over the past 24 hours.

Filecoin price increased by 33.54% over the past 24 hours.

Performance after Saturday 30-Jul
Period Pct Chg Momentum
Saturday 34.51% 2.06
Week to-date 53.90% 3.04
July 60.74% 3.28

FIL Analysis

Filecoin (FILUSDT) price for the week to-date gained 53.90% or 3.04 higher to 8.68. At time of writing into Sunday’s trading session, Filecoin has increased by 33.54% over the past 24 hours. For the record, FILUSDT is -96.34% below all-time high of 236.84. On Saturday, FIL rose 34.51% to 8.03.

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

For the month-to-date, FIL is up by 60.74% or 3.28 higher.

What can we expect from Filecoin today?

Looking ahead for the day, immediate upside resistance level at 9.30 (R1) while on the downside, we are looking at daily low of 5.95 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 8.89 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Filecoin is rising and up by 53.90% 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 12.24
R2 10.56
R1 9.30
Daily Pivot 7.62
S1 6.36
S2 4.68
S3 3.42

Last updated: 03:07 am UTC, 31-Jul 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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