Filecoin Price Update in Higher Timeframe.
FIL has been in a downtrend for a significant period, with occasional rallies. A notable high was reached in March 2024, followed by a substantial decline.
FIL has strong support around the $3-$3.5 range. This zone has acted as support multiple times, as shown by the price bouncing off this level.
According to the analysis, FIL has a higher probability of further decline (-30%). After that, a rebound is likely possible.
A decent buy range would be between $3-$3.5. A breakdown and close below this support range will be considered an invalidation point.
Note: This report is for educational purposes only and does not constitute financial advice.
Regards,
Team Dexter
#cryptocurrency
FIL has strong support around the $3-$3.5 range. This zone has acted as support multiple times, as shown by the price bouncing off this level.
According to the analysis, FIL has a higher probability of further decline (-30%). After that, a rebound is likely possible.
A decent buy range would be between $3-$3.5. A breakdown and close below this support range will be considered an invalidation point.
Note: This report is for educational purposes only and does not constitute financial advice.
Regards,
Team Dexter
#cryptocurrency
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