Search results for: filecoin

Filecoin’s RSI was in an overbought position, but a few indicators were bullish.  FIL’s on-chain metrics also told an ambiguous story.  On 17 January, Messari revealed that Filecoin [FIL] had become the cheapest decentralized storage network. To be precise, it was 99% cheaper than Amazon at press time. Not only this, but Filecoin’s weekly chartContinue reading “Filecoin: Investors should consider these metrics before making a call on FIL”

FIL faced price rejection at $3.024. A possible price recovery could set FIL to settle at $2.951. A break above $3.024 will negate the above forecast. Filecoin (FIL) rallied on 20 December, recording over 9% gains for investors after hitting a high of $3.084. However, price recovery followed, clearing about half of the profits. RecentContinue reading “Filecoin [FIL] market weakens, but investors can still profit here”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The one-hour timeframe order block has served well in the past Indicators showed bearish momentum but this could shift soon Filecoin has traded within a range over the past two weeks. A short-term bullish orderContinue reading “Filecoin is back at near-term range lows but can traders look to buy FIL”

In an official statement released on 31 October, Filecoin [FIL] announced that it had inched another step towards its decentralized storage objectives. According to the network storage team, Filecoin finalized partnerships with ProtocolLabs, AMD, and Seagate to develop a decentralized network alliance that would make it easy to bridge web2 to web3. Here’s AMBCrypto’s PriceContinue reading “How Filecoin’s network upgrade sent FIL into a social outbreak”

Filecoin [FIL] was ranked as one of the market’s best altcoins on 23 October, according to an update from social intelligence platform Lunar Crush. According to a recent tweet by the platform, Filecoin was ranked sixteenth out of over three thousand altcoins. However, it would seem that the altcoin had retraced some of its previousContinue reading “All you need to know about Filecoin’s [FIL] recent episodes on these fronts”

Decline and primarily depreciation was the story of the Filecoin [FIL] till we hit Q3 of 2022. Interestingly, the decentralized storage network recorded the first positive revenue growth since the HyperDrive upgrade. Recall that the HyperDrive upgrade took place in the second quarter (Q2) of 2021 to expand the Filecoin storage onboarding. Unfortunately, FIL had notContinue reading “Filecoin: Will this ‘first time’ success lead FIL towards a bullish future”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. FIL approached its all-time low levels near the $5 baseline support. Open Interest and Long/short ratio unveiled an underlying bearish sentiment in the Futures market. After finally refuting the extended bear run, Filecoin [FIL] picked itself fromContinue reading “Filecoin: How FIL’s underlying sentiment could induce this breakout”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. By refuting the long-term selling spree, Filecoin [FIL] picked itself from the ashes of the $5-level. In doing so, the coin reclaimed some vital price points but seemed to fall prey to its bearish clutches.Continue reading “Gauging Filecoin’s [FIL] potential to bounce back from its bear run”

Filecoin has ramped up gains in the past few days after the news of a high-profile partnership broke out. In a tweet released on 27 July, Filecoin Foundation confirmed details to support Harvard’s Library Innovation Lab (LIL). The news led to a meteoric rise of the FIL token as social activity gained pace. Consequently, FILContinue reading “Should Filecoin investors give up on ‘buy experience, not things’ attitude”

FIL holders who purchased the altcoin within the last six weeks have likely been disappointed by its performance. However, 30 July brought good tidings and redemption from their disappointment, considering the cryptocurrency’s strong performance. FIL has been stuck in a low-volume and relatively price inactive rut for roughly six weeks. It barely recorded any significantContinue reading “Filecoin: The true scope of $500M in 5 days for FIL”

Since September last year, Filecoin (FIL) has consistently shed its value on the chart. The buyers have failed to propel any trend-altering rally for nearly nine months now. The current market dynamics are visibly playing out in favor of the bears. As a result, FIL saw a pulldown toward its all-time low on 12 May. Continue reading “Filecoin [FIL]: Unraveling the ramifications of an extended bearish rally”

The crypto market crash of last week has affected every token present in the worst possible way. With plummeting prices and a slow road to recovery, most tokens are still struggling to reach their road to recovery. Filecoin’s native cryptocurrency FIL is no different. The token registered significant sideways action in the last four days.Continue reading “Filecoin [FIL]: Investors yowling ought to respect the law of opportunity”