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Bulls dominate the Philecoin market.
FILUSD Price Analysis – September 11
Filecoin is targeting the $7.20 resistance level and could break it if the bulls increase their pressure. If the bears can push the price and break the $6.15 level, the $4.94 price level could be the target.
FIL / US dollar market
Key steps:
Resistance levels: $7.20, $7.98, $9.49
Support levels: $6.15, $4.94, $4.0
FIL/USD medium-term trend: bullish
FIL/USD is bearish in the long-term view. The cryptocurrency has been under pressure since August 01. The coin reached the $4.9 support level. There was a price correction to retry the broken $9.49 level. As the price collided with the junction at the specified level, no further price increase was possible. The bears continued their move and the price fell to an all-time low of $4.9 on August 26. It strengthens at the specified level. The rulers are trying to control the market.
Filecoin is trading closely above the 21-period EMA and 9-period EMA, indicating that its momentum is increasing. The relative strength index time 14 is pointing north at 50 levels which indicates a buy signal. Filecoin is targeting the $7.20 resistance level and could break it if the bulls increase their pressure. If the bears can push the price and break the $6.15 level, the $4.94 price level could be the target.
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FIL/USD Short Term Trend: Bullish, TAMA Heads North.
Filecoin is brutal in the short term. FileCoin price will consolidate around the $6.15 support level as it reaches the level. Currently, the sellers are slowing down. The price broke down after hitting the $6.1 resistance level. The price is gradually increasing towards the $7.20 level.
The price is heading towards the $7.20 resistance level. It is trading above the 21-period EMA and the 9-period EMA, indicating increasing bull pressure. Relative Strength Index period 14 shows a sell signal pointing south at 58 levels.
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Related
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