FIL/USDT 500% Potential from here so Which is Good Entry?

6 mar 2023

#FIL/USDT Technical Analysis:

Currently, FFIL is trading at $6.10, which is a significant -97.65% down from its all-time high.
The cryptocurrency has gone down -99% from its peak but has recovered well in the past three months, rising up to 300%.
It is still 122% up from its recent low in December.

At present, the market is in an uptrend, but a significant upward rally is expected only after some more retracement.
It is possible that the price could drop by another 20% from its current level before an upward trend begins.

The best entry point for investors would be at the support level area.
For the cryptocurrency FILUSDT to be fully in bullish mode, it needs to break upward the resistance level at $9.
Once this happens, the price could reach the target of $26 in the next bull market.
It is possible that the price may go higher, but a minimum target of $26 seems reasonable.

Investors should keep an eye on the support level at $4.80 and the resistance levels at $8.95 and $26.10.

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