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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

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. 

How Filecoin’s network upgrade sent FIL into a social outbreak

Bullish FIL price prediction is $8.57 to $29.27. Filecoin (FIL) price might also reach $50 soon. Bearish FIL price prediction

Filecoin (FIL) Price Prediction 2022 — Will FIL Hit $50 Soon?

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. 

Filecoin: Will this ‘first time’ success lead FIL towards a bullish future

The latest Filecoin price analysis confirms the bearish trend for today, as the selling activity has intensified. The price function is headed downwards at the moment marking a drop in cryptocurrency’s value, as it is now settling at a $5.52 low. Although the bulls were leading the market in the previous day, the current market &#8230;

Filecoin price analysis: FIL price stumbles at $5.52 due to a bearish takeover

USD+

Filecoin price analysis shows that the market sentiment is bearish, and the price may continue to fall. The strongest resistance for FIL/USD is present at $5.93 and support is at $5.73. Filecoin&#8217;s price has seen a slight rebound in recent days, however, the bull run seems to have fizzled out as the prices have once &#8230;

Filecoin price analysis: Bearish momentum degrades FIL price to $5.79

A range-break from Bitcoin could trigger buying in ADA, ATOM, FIL and EOS this week

ATOM

If BTC bounces from its key underlying support, ADA, ATOM, FIL and EOS could break out.

ROSE

Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on Saturday Cardano (ADA) Cardano (ADA) [&#8230;]

Biggest Movers: ADA Rebounds, While FIL Hits 2-Week High on Saturday

The FIL price resonated within the symmetrical triangle portion of the pennant pattern for the past three weeks. The sellers triggered a bearish breakdown from this pattern in response to the recent sell-off in the crypto market. The resulting downfall plunged to $6.3 support, which has temporarily halted the current correction. Key points:  The FIL 

FIL Price Analysis: Correction Sentiment Threatens Filecoin Price To Hit $5

For nearly three weeks, the FIL price has been wavering in a no-trading zone, following the consolidation phase of the pennant pattern. Today, the coin price shows a 2.6% jump and rechallenges the overhead trendline. However, a daily candlestick closing above the trendline is needed to end this consolidation. Key points:  Completion of the pennant 

FIL Price Analysis: Filecoin Preparing its Next Jump with a Pennant Pattern

Over the past three months, the Filecoin (FIL) price action has shaped into a cup and handle pattern. The $5 psychological level formed the bottom support for this pattern and bolstered a new recovery rally. Though a bull-run nearly doubled the altcoin within a week, the supply pressure at $9.5 has limited the bullish growth. 

Binance-Peg Filecoin Price

Filecoin is back at near-term range lows but can traders look to buy FIL

How Filecoin’s network upgrade sent FIL into a social outbreak

Filecoin (FIL) Price Prediction 2022 — Will FIL Hit $50 Soon?

Filecoin: Will this ‘first time’ success lead FIL towards a bullish future

Filecoin price analysis: FIL price stumbles at $5.52 due to a bearish takeover

Filecoin price analysis: Bearish momentum degrades FIL price to $5.79

A range-break from Bitcoin could trigger buying in ADA, ATOM, FIL and EOS this week

A range-break from Bitcoin could trigger buying in ADA, ATOM, FIL and EOS this week

Biggest Movers: ADA Rebounds, While FIL Hits 2-Week High on Saturday

FIL Price Analysis: Correction Sentiment Threatens Filecoin Price To Hit $5

FIL Price Analysis: Filecoin Preparing its Next Jump with a Pennant Pattern

FIL Price Analysis: Prices Under Correction Threat With $8 Breakdown