Filecoin (FIL), a decentralized data storage network, has experienced a recent surge in value, grabbing the attention of cryptocurrency analysts. The price increase, coupled with bullish analyst predictions, has ignited optimism for FIL’s future.
At the time of writing, FIL was trading at $8.99, down 0.8% in the last 24 hours, but managed to sustain a 1.6% increase in the last seven days, data from Coingecko shows.
Filecoin Price Poised For A Rally?
Technical analysis plays a crucial role in predicting cryptocurrency prices. Analysts like “World Of Charts” emphasize the importance of retesting key support levels. A successful retest, they argue, could pave the way for a significant bullish wave, with estimates ranging from 200% to 250% price increase for FIL.
$Fil#Fil Testing Key Support (Accumulation Zone) Real Move Can Start After Successful Retest Expecting 200-250% Bullish Wave Incase Of Successful Retest #Crypto pic.twitter.com/3n0BpklAxh
— World Of Charts (@
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