Filecoin price forecast as FIL juggles between two order blocks


16 Sep 2023 12:34 AM

Filecoin (FIL) price is trading with a bullish bias, after sustaining the uptrend for the last three days. However, the rally could be interrupted by ...

  • Filecoin price has increased by 12% after a slump to the monthly low of $2.970.
  • There is a possibility of a 5% fall to test the $3.233 support level, with potential for further decline.
  • The bearish outlook can be invalidated if Filecoin records a decisive 4-hour candlestick close above $3.500.
  • The altcoin is currently trading with a bullish bias, but selling pressure from a crucial zone could interrupt the rally.

The sentiment of the article is mostly neutral, with a cautious tone regarding the potential for a decline in Filecoin price.

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You May Ask

What was the percentage increase in Filecoin price after the slump?What is the potential support level that Filecoin could test?How can the bearish outlook be invalidated?What is the current sentiment towards Filecoin's price movement?What are the possible consequences if the altcoin fails to hold the demand zone?Note: The article does not provide clear answers to questions 1, 4, and 5.

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