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Filecoin price forecast suggests that the price is facing a downward momentum.
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FIL crypto price halted near the value of $12 and is currently trading at $8.130.
The Filecoin cryptocurrency has experienced a decline in value over the past few weeks, encountering resistance at higher levels and reaching lower lows. This suggests that the bears have been in control and that the cryptocurrency has lost momentum. Despite this, the crypto is still trading above its 200 exponential moving average.
A bearish pattern has emerged, causing the crypto to wipe out the profits it had made last month. It has returned to its previous level marked by 200-EMA, which could potentially serve as a support. Technical analysis indicates that the crypto is oversold and may recover from its lower levels. However, in order to validate a pullback rally, the crypto must demonstrate signs of strength and reversal.
Buyers tried multiple times to break the upper range
We współpracy z: https://www.thecoinrepublic.com/2024/04/12/filecoin-price-forecast-fil-price-heading-downward-what-next/
