Filecoin’s FIL token has broken above the overhead resistance at $98 today. This completes a rounding bottom pattern, suggesting the start of a new uptrend. The bottoming formation has a pattern target at $156. The 20-day EMA ($79) has turned up and the RSI has soared above 81, indicating a possible trend change. Usually, the breakout from a major pattern retests the breakout level. In this case, the price may drop to $98. If bulls flip the $98 level into support, the FIL/USDT pair could resume its uptrend. On the contrary, if bears pull and sustain the price below $98, it will suggest that the recent breakout was a bull trap. The pair may then drop to the 20-day EMA. If the price rebounds off this support, the bulls may once again try to propel the price above the overhead resistance and resume the uptrend. The bears will have to sink the price below the 20-day EMA to gain the upper hand. The 4-hour chart shows a strong momentum in favor of buyers. That has pushed the RSI deep into the overbought territory, indicating the possibility of a minor correction or consolidation in the short term. If bulls do not give up much ground, it will suggest that traders are not booking profits as they anticipate another leg higher. That will increase the likelihood of the resumption of the uptrend. However, the bears are likely to have other plans. They will try to pull the price back below $98 and trap the aggressive bulls.
* Crypto Rating accepts no liability for content of the Filecoin reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 73.2% | 59 | $98 218.04 | 1.93% | 2.05% | $1 943 790 733 256 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 71.2% | 57 | $3 811.14 | 3.19% | 4.62% | $459 010 992 693 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.001212 | -0.01% | 0.02% | $135 855 505 577 |  |
|
| 4 |  XRP |
XRP predictions | 57.2% | 90 | $2.24 | -12.63% | 52.25% | $128 054 304 486 |  |
|
| 5 |  SOL |
Solana predictions | 70% | 62 | $226.32 | -5.47% | -7.12% | $107 582 541 190 |  |
|
| 6 |  BNB |
Binance Coin predictions | 82.8% | 25 | $704.90 | -8.74% | 7.54% | $101 512 621 183 |  |
|
| 7 |  DOGE |
Dogecoin predictions | 65.2% | 77 | $0.413826 | -0.60% | 0.80% | $60 860 295 719 |  |
|
| 8 |  USDC |
USD Coin predictions | 94% | 1 | $0.999904 | -0.04% | 0% | $40 679 301 131 |  |
|
| 9 |  ADA |
Cardano predictions | 57.6% | 87 | $1.14 | -6.25% | 10.80% | $39 833 305 035 |  |
|
| 10 |  TRX |
TRON predictions | 75.6% | 48 | $0.326296 | -15.08% | 61.55% | $28 154 333 168 |  |
|
| 11 |  AVAX |
Avalanche predictions | 60.4% | 86 | $50.37 | -3.08% | 14.58% | $20 617 762 027 |  |
|
| 12 |  SHIB |
SHIBA INU predictions | 71.2% | 51 | $0.000031 | 1.99% | 18.17% | $18 145 573 521 |  |
|
| 13 |  TON |
Toncoin predictions | 60.4% | 78 | $6.68 | -3.36% | 3.62% | $17 031 617 859 |  |
|
| 14 |  DOT |
Polkadot predictions | 60% | 91 | $10.02 | 1.21% | 18.09% | $15 292 233 612 |  |
|
| 15 |  LINK |
Chainlink predictions | 58% | 88 | $23.34 | -4.89% | 26.58% | $14 630 918 725 |  |
