Filecoin Rally Could Start Second Leg Soon

12 feb 2021

We see here the FIlecoin/BTC has been defended on the daily close, right above the 55 EMA. True, the histogram is arching down which may imply the need for some more consolidation at this level, maybe more testing of the 55 EMA -- but if it can hold here, it will be well set up for another rally. Filecoin has got really good press lately from crypto influencer Cryptobud. We can also see the stark bull divergence on the RSI, adding to the bullish narrative.