cryptocurrency

Filecoin (FIL) Price Prediction 2022 – Will FIL Reach $55 Soon?

  • The bullish FIL price forecast is $8.55 to $51.20.
  • Filecoin (FIL) The price may also reach $55 soon.
  • The bearish FIL price prediction for 2022 is $4.83.

In our Filecoin Price Prediction (FIL) 2022, we use statistics, price patterns, RSI, RVOL, and other information about the FIL to analyze the future movement of the cryptocurrency.

Filecoin (FIL) Current Market Status

according to Queen GekkoFilecoin (FIL) price is $5.66 with a 24-hour trading volume of $129,743,587 at the time of writing. However, FIL has decreased by approximately 2.7% in the past 24 hours.

Furthermore, Filecoin (FIL) has a circulating supply of 270,713,654 FIL. Currently, Filecoin (FIL) is traded on cryptocurrency exchanges such as Binance, Coinbase Exchange, OKX, Gate.io, and FMFW.io.

What is Filecoin (FIL)?

Filecoin (FIL) is the original cryptocurrency of the Filecoin blockchain. Filecoin is an open source decentralized storage protocol that sits on top of the Interplanetary File System (IPFS). Filecoin (FIL) was launched in ICO in 2017 while Filecoin mainnet was launched in October 2020. Filecoin is developed by Protocol Labs.

Filecoin allows users to store any amount of data on multiple hack-resistant storage providers or devices. It serves as a better alternative to existing cloud storage providers like Dropbox, Google Drive, and Amazon S3. Filecoin deploys Proof of Repetition (PoRep) and Proof of Spacetime (PoSt) consensus mechanisms to secure the blockchain.

Miners use these consensus models to verify what data is stored on the blockchain. It only requires GPUs, CPUs, and hard drives for mining. Filecoin nodes act as storage nodes. Filecoin (FIL) is offered as mining rewards and also as rewards for users to rent storage space.

Filecoin (FIL) Price Prediction 2022

Filecoin (FIL) ranks 37th on CoinGecko at the moment. The FIL price forecast for 2022 is explained below with a daily time frame.

FIL/USDT Bearish Channel Pattern (Source: TradingView)

The above chart for Filecoin (FIL) has drawn the bearish channel. A descending channel is also known as a descending channel. The descending channel consists of two parallel trend lines. The upper trend line, which joins the highs, and the lower trend line, which joins the lows, run parallel to the bottom. This pattern is characteristic of a bear market.

Currently, Filecoin (FIL) is around $5.82. If the pattern continues, FIL price could reach the $8.01, $11.17, $16.64 and $27.03 resistance levels. If the trend reverses, FIL price may drop to $4.97.

Filecoin Support and Resistance Levels (FIL)

The chart below shows the Filecoin (FIL) support and resistance levels.

FILEUSDT Support and Resistance Level (Source: TradingView)

From the daily time frame above, it is clear that the following are the resistance and support levels for Filecoin (FIL)

resistance level 1 $8.55
resistance level 2 USD 16.69
resistance level 3 $29.19
resistance level 4 $51.20
Support level $4.83
Resistance and Support Level FIL

The charts show that Filecoin (FIL) has conducted an upward trend over the past month. If this trend continues, FIL may work in tandem with the bulls taking out the resistance at $51.20.

Accordingly, if investors turn against the cryptocurrency, the price of Filecoin (FIL) could drop to close to $4.83, which is a bearish sign.

Filecoin (FIL) Predict 2022 Prices – RVOL, MA and RSI

Filecoin Relative Volume (RVOL) (FIL) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of FIL is below the cutoff line, indicating weakness of participants in the current trend.

Also, Filecoin Moving Average (MA) (FIL) is shown in the above chart. Notably, Filecoin (FIL) price is below 50 MA (short term), so it is quite in a downtrend. Currently, the FIL is in relegation. Therefore, there is a possibility of a reversal of the FIL trend at any time.

Meanwhile, the relative strength index (RSI) for the FIL is 35.60. This means that Filecoin (FIL) is in an oversold state. However, this does mean that a major reversal of the FIL price may occur in the coming days. Therefore, traders need to trade carefully.

Filecoin (FIL) Price Prediction 2022 – ADX, RVI

Let’s now look at the Filecoin Average Directional Indicator (ADX) (FIL). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above chart represents ADX from Filecoin (FIL). Currently, the ADX Indicator for FIL is in the range of 46.31, so it is indicating a strong trend.

The above chart also represents the Filecoin Relative Volatility Index (RFI) (FIL). RVI measures the continuous deviation of price changes over a period of time. The RVI of the FIL is below 50, indicating low volatility. In fact, the Filecoin Relative Strength Index (FIL) is at 35.60 confirming a possible buy signal.

Comparison of FIL, BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Filecoin (FIL).

BTC vs ETH vs FIL Price Comparison (Source: TradingView)

From the above chart, it can be explained that ETH, BTC, and FIL are moving in a similar direction. This indicates that when the price of BTC increases or decreases, the price of ETH and FIL also increases or decreases, respectively.

Filecoin (FIL) Price Prediction 2023

If price action completely slows down in momentum and the trend reverses, Filecoin (FIL) Maybe $58 by 2023.

Filecoin (FIL) Price Prediction 2024

With several network upgrades, Filecoin (FIL) may enter an upward trajectory. If the coin grabs the attention of major investors, the FIL could rise to $61 by 2024.

Filecoin (FIL) Price Prediction 2025

If Filecoin (FIL) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, FIL will rise to $64.

Filecoin (FIL) Price Prediction 2026

If Filecoin (FIL) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, FIL will rise to $67.

Filecoin (FIL) Price Prediction 2027

If Filecoin (FIL) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, the FIL will rise to $70.

Filecoin Price Prediction (FIL) 2028

If Filecoin (FIL) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the FIL will reach $73.

Filecoin (FIL) Price Prediction 2029

If investors flock and continue to place their bets on Filecoin (FIL), this will see huge spikes. The FIL could reach $76 by 2029.

Filecoin (FIL) Price Prediction 2030

With the huge advancements in the Filecoin ecosystem, the cryptocurrency community may continue to invest in Filecoin (FIL) over the next eight years and cause the price of the token to skyrocket. Thus, the price of Filecoin (FIL) could reach $79 by 2030.

conclusion

With the continuous improvements in the Filecoin network, we can say that 2022 is a good year for FIL. For this reason, the bullish price forecast for Filecoin (FIL) in 2022 is $51.20. On the other hand, the Bearish Price Prediction for Filecoin (FIL) for 2022 is $4.83.

Moreover, with developments and upgrades in the Filecoin ecosystem, it will help FIL’s performance to reach an all-time high (ATH) of $236.84 soon. But, it could also go up to $55 if investors think FIL is a good investment in 2022.

Instructions

1. What is Filecoin (FIL)?

Filecoin (FIL) is the original token of Filecoin, a peer-to-peer (P2P) decentralized storage protocol on top of the Interplanetary File System (IPFS). FIL was launched in the 2017 ICO.

2. Where can you buy Filecoin (FIL)?

Filecoin (FIL) is listed on several cryptocurrency exchanges which include Binance, Coinbase Exchange, OKX, Gate.io, and FMFW.io.

3. Will Filecoin (FIL) Have a New ATH Soon?

With the continuous developments and updates within the Filecoin platform, Filecoin (FIL) has a great potential to reach ATH soon.

4. What is the highest ever price (ATH) for Filecoin (FIL)?

On April 1, 2021, Filecoin (FIL) reached a new all-time high (ATH) at $236.84.

5. Is Filecoin (FIL) a Good Investment in 2022?

Filecoin (FIL) appears to be one of the most profitable cryptocurrencies this year. According to Filecoin’s recorded achievements in the past few months, FIL is a good investment in 2022.

6. Can Filecoin (FIL) Be Worth $55?

Filecoin (FIL) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, Filecoin (FIL) will reach $55 soon.

7. What will be the price of Filecoin (FIL) by 2023?

Filecoin (FIL) is expected to reach $58 by 2023.

8. What will it be Filecoin Price (FIL) By 2024?

Filecoin (FIL) price is expected to reach $61 by 2024.

9. What will it be Filecoin Price (FIL) By 2025?

Filecoin (FIL) is expected to reach $64 by 2025.

10. What would it be? Filecoin Price (FIL) By 2026?

Filecoin (FIL) price is expected to reach $67 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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