Now, one of the most trending cryptocurrencies, Filecoin is again picking the speed and engaging a ton of traders. Before we start to about Filecoin Price Prediction, we have to know about the cryptocurrency. Filecoin is a digital roadmap that was created with the main aim of blockchain-founded data storage and retrieval. The vast exchange of data across the world takes place on different servers and the exchange of information completely depends on the data presented. Nevertheless, if the source of the data is not valid or the data is not saved properly, then there may be havoc all over the world.

Filecoin (FIL) is bullish. The coin that fuels the open-source, public cryptocurrency and digital payment system rose by above 24% over the last 24 hours.

Filecoin (FIL) accumulated 65% gains over the past 30 days to reach its highest price since June 8. The recent strength was accelerated after an Aug.6 partnership with Chainlink's oracle protocol on Aug. 6 allowed the projects to join their grant initiatives to speed up the development of hybrid smart contracts to leverage code running on the blockchain while the managing data computation process off-chain.

Filecoin crypto bulls cannot sustain the coin above major moving averages, and now it is finding back the support levels around lower levels.

The Filecoin price is at an upward trend of around 5.2% during the intraday trading session.

Filecoin (FIL) has surged in price today, achieving a 20% increase over the last 24 hours as the crypto market managed to pump out a strong weekend rally. The decentralised file storage system has been steadily gaining traction over the last six months or so, and has now entered the top 20 coins with this most recent price hike.

Filecoin price analysis is bullish for today as the market price went for another retest of the $75-$80 support area today, and any further downside was rejected. Therefore, we expect FIL/USD to reverse over the next 24 hours and move back above the $80 mark.

Filecoin price at the monthly chart is now trading just above the major daily moving averages of 20, 50, 100, and 200-day lines while trying to sustain above it.

Filecoin token jumps above the major moving averages of 100 and 200-day lines while showing positive momentum. The crypto asset suppressed the primary levels after witnessing good buying interest from lower levels.

The cryptocurrency market is consolidating after yesterday’s bullish ride. Filecoin (FIL), a decentralized storage blockchain based on IPFS has ticked higher since Sept. 3, rallying nearly 58%. At the time of post, FIL was exchanging at $108.72, up 22.70% in the last 24 hours and 59.13% weekly. Ranking 18th largest, Filecoin’s market capitalization sits at $11.82 billion. Collin Wu, @WuBlockchain noted that the computing power of Filecoin recently notched new highs, Stating: ”Filecoin get benefits from the NFTs fever. Filecoin’s computing power has exceeded 10EiB, and the price has risen from $40 in July to the highest of $82. This may be related to the recent NFT boom.” In May, Filecoin announced a free service called NFT. Storage for NFT creators to store their NFTs and any corresponding metadata on Filecoin. Lots of NFT projects are reportedly starting to host their JPEGs on IPFS because it is more decentralized.

FIL crypto price is currently trading in a consolidated mode and can soon cross the barrier of $100. Filecoin price is currently trading near the value of $73 with a loss of 3% in the intraday session. The bullish momentum of FIL coin might see a halt near the value of $85. The bounceback region in the coin price can be seen near $50. Filecoin price is currently trading above the 50 and 100 Daily Moving Average, with an upcoming positive crossover. The 100MA line of the asset price is near $61.45 making it a temporary support zone for the coin. FIL/BTC pair can also see a strong bullish momentum in price in upcoming days. One can invest in Filecoin as per their risk capacity and price action.

FIL Token price grows higher in an uptrend despite the recent fall of the bullish trend.

Filecoin price over the monthly chart is trying to bounce back after testing its 100-day moving average line.

The Filecoin price is bouncing back after it crashed to the lowest level since Saturday in the overnight session. The FIL token price is trading at $75.60, which is about 8.50% below the highest point this week. This brings its total market capitalization to more than $7.45 billion, making it the 24th biggest coin in the world.

The token has been forming the pattern of a falling three methods. FIL rose by 69.25 on Monday. Following a 64.18 against Sunday, FIL ended the day at 67.77. The last known price of this coin is 68.57. A mixed start for the day saw FIL rise to an early morning intraday low of $66.03 before hitting reverse. FIL broke the then first resistance level at $67.97 and now the first resistance level is marked at $69.51. FIL saw just the reversal, that is the intraday high went to 70.04.

On 21st August, the FIL coins gave a strong breakout of another critical resistance of $76.2, displayed by a long green candle and a significant volume spike. The price is currently in its test phase, which validates if the breakout is a genuine one or not. Thus, if the price manages to sustain above this level, the FIL traders can grab an excellent long opportunity in this coin.

As mentioned in my previous article on Filecoin, the FIL coin gave a successful retest to its breakout from the $65 level, providing a good entry opportunity for its traders. However, as for now, the price is currently in the midway of reaching its next milestone of the $78 mark. Thus, traders should wait for the price to reach an area of interest to get a proper confirmation of the coin’s next move.

Buying Filecoin (FIL) in Australia is now easier than ever, in this article, we will detail how you can purchase Filecoin (FIL) and other cryptocurrencies from any state in Australia. If you would like to learn more about this cryptocurrency please view our Investing in Filecoin guide.

DUBAI, UAE / ACCESSWIRE / August 21, 2021 / Polygon, an Ethereum scaling full-stack solution bringing mass adoption to the Ethereum platform, has today announced a cross-chain bridge to decentralized storage network Filecoin to accelerate Web 3 interoperability between both ecosystems. The bridge will connect Filecoin and Polygon data stores and allow ecosystem projects pro gratis usage of the bridge and storage to encourage cross-platform development.

FIL token price action forms a solid bearish engulfing candlestick in the daily technical chart, indicating a sudden boom in selling pressure driving bears into action. Nonetheless, the price has managed to rise above the $80 mark as the buying pressure resurfaces.