Search results for: filecoin

After dwindling for over eight months, Filecoin (FIL) bears have denied any trend-modifying privilege to the buyers. With the current market structure undeniably being conducive for the sellers, the bears have entered into a price discovery to find newer lows. The recent plunge has brought the alt to test its six-month-long trendline support (white, dashed).Continue reading “Filecoin [FIL] investors should read this before taking any position”

Filecoin (FIL) has lost most of its value in the last year since its April 2021 highs. In the last month, bulls finally managed to flip the six-month trendline resistance (white, dashed) to immediate support. But the sellers didn’t falter to reignite their force after taking a u-turn from the $28-ceiling. An eventual close aboveContinue reading “Decoding factors detrimental to Filecoin’s [FIL] short-term recovery”

Bitcoin’s reversal from its 4-hour 200 EMA at $42K pulled the world’s largest digital asset back toward the $38,000 mark. As a result, the wider market saw 24-hour retracements that led NEAR, Monero and Filecoin’s RSI to drop toward the oversold mark. Now that an expected bounce-back occurred, the buyers needed to up their gameContinue reading “NEAR, Monero, Filecoin Price Analysis: 27 April”

Bitcoin and much of the altcoin market faced bearish pressure over the previous day. Polkadot had formed a bearish pattern and faced rejection at a resistance level. Polygon slipped beneath the $1.4 level and could dip further toward its range lows at $1.3. Filecoin had a bearish outlook as well. Polkadot (DOT) Polkadot formed aContinue reading “Polkadot, MATIC, Filecoin Price Analysis: 23 April”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Is it a range or is it a consolidation? Was the Filecoin short-term price action bullish or bearish? The market structure in the near-term, which had been so bullish previously, appeared to be ranging forContinue reading “Decoding whether Filecoin is ranging, compressing, or pulling back”

Ever been struck by a surge of inspiration and entrepreneurial passion as you open your file cabinet? No, that does feel like a stretch. However, in the crypto industry, there is a booming interest in solving the growing storage demands of Web2 and Web3. Projects offering their solution to this problem have a chance ofContinue reading “Filecoin could be crypto’s filing solution but the caveat lingers”

The ‘decentralized storage’ war has continued to wage on over the years as more developments around this space came to life. Many teams like Filecoin, Storj, Sia, began building open source solutions in late 2016 and early 2017 after recognizing the latent opportunity. Incidentally, in 2018, another decentralized storage space Arweave jumped onto the bandwagon.Continue reading “Arweave or Filecoin? Here’s the clear winner of decentralized storage war”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Filecoin stood #44 on CoinMarketCap, ranked by market capitalization. It has had an average trading volume of only around a hundred million per day in the past month, compared to multi-billion dollars in volume inContinue reading “Filecoin: Traders should watch out for this resistance before taking positions”

Bitcoin faced resistance at $42,000 in recent hours. One might ask, where was it headed? How would the altcoin market react? Well, the near-term outlook for the market was bearish- the next couple of days could see some losses. Chainlink struggled to hold on to a support level. Chainlink (LINK) Chainlink had appeared to flipContinue reading “Chainlink, Ethereum Classic, Filecoin Price Analysis: 10 March”

Filecoin (FIL) has vigorously lost most of its value in the last year since its April 2021 high. In the last six months, bulls could barely initiate a sustainable rally and succumbed to the long-term bearish trendline resistance (white, dashed). The alt now aimed to enter into a tight phase in the $18-$20 mark beforeContinue reading “Filecoin: Will the next couple of months usher in an uptrend”

While overall sentiment saw a rapid improvement in the last 24 hours, Stellar and NEAR’s RSI eyed to test its overbought levels before facing a slight pullback. On the other hand, Filecoin’s Supertrend continued to be in the green zone while flashing high volatility in the near term. Stellar (XLM) After recovering from its JanuaryContinue reading “Stellar, NEAR, Filecoin Price Analysis: 01 March”

As tensions between Russia and Ukraine escalates, it poses a threat to the wider crypto market which was already suffering from the bearish trends of the December crash. The likes of Uniswap, Filecoin and CRV projected similar trends where the price dropped considerably over the past few hours. Uniswap (UNI) The wider crypto market hasContinue reading “Uniswap, Filecoin and CRV Price Analysis: 24 February”