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 | 84% | 23 | $63 410.47 | -2.59% | -0.65% | $1 248 557 013 815 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 70.8% | 51 | $3 120.72 | -2.68% | 1.15% | $380 877 750 784 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.999885 | 0.01% | -0.07% | $110 450 849 164 |  |
|
| 4 |  BNB |
Binance Coin predictions | 83.2% | 20 | $608.07 | 0.95% | 9.84% | $89 744 016 067 |  |
|
| 5 |  SOL |
Solana predictions | 68.4% | 71 | $145.12 | -6.17% | 4.33% | $64 872 377 584 |  |
|
| 6 |  USDC |
USD Coin predictions | 92% | 2 | $1.000341 | 0.05% | 0.03% | $33 434 750 637 |  |
|
| 7 |  XRP |
XRP predictions | 70% | 62 | $0.520062 | -1.78% | 3.27% | $28 670 596 056 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 69.2% | 60 | $0.149912 | -3.43% | -0.70% | $21 591 876 469 |  |
|
| 9 |  TON |
Toncoin predictions | 68.4% | 66 | $5.27 | -5.12% | -15.36% | $18 315 801 013 |  |
|
| 10 |  ADA |
Cardano predictions | 65.6% | 72 | $0.467771 | -3.20% | 2.32% | $16 668 498 472 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 64% | 82 | $0.000025 | -3.09% | 10.56% | $14 820 630 608 |  |
|
| 12 |  AVAX |
Avalanche predictions | 66.4% | 68 | $35.19 | -6.23% | 0.17% | $13 301 713 384 |  |
|
| 13 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  TRX |
TRON predictions | 84% | 21 | $0.115898 | 2.21% | 6.06% | $10 149 435 135 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 86.4% | 19 | $0.115757 | 2.07% | 6.02% | $10 137 072 362 |  |
