FIL crypto price is struggling to sustain above 50 day EMA which may decide the direction of the short term trend.
Filecoin bulls had succeeded to defend the $3.000 support level and prices had recovered 35% approx from the recent lows.
Filecoin crypto prices are trading with mild bearish cues and bears are trying to drag the prices below the 50 day EMA. As per coinglass, In the last 12 hours FIL Long and Short ratio stands at 0.9 which is also favoring the bears but price action indicates divergence in the direction. As of now, The pair of FIL/USDT is trading at $3.751 with the intraday loss of 0.61% and 24 hour volume to market ratio stood at 0.2187
Will FILECOIN be able to reclaim $5.00 soon ?
Source: FIL/USDT daily chart by Tradingview
On a daily time frame, FIL crypto price is in a downtrend and slipping down while forming lower low swings. In November FIL prices found stability and consolidated in the narrow range between $4.00 to $4.60 with a bearish bias and later in the mid
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