contributor
Posted: November 23, 2024
- Traders were overleveraged at $4.43 on the lower side and $4.75 on the upper side levels.
- As the price approaches the breakout level, traders have been aggressively participating.
The blockchain-based digital storage platform, Filecoin [FIL ($1.59)] is poised for upside momentum after trading within a tight range for nearly five months. Currently, the overall market sentiment is bullish, with the majority of cryptocurrencies experiencing breakouts and upward momentum.
Filecoin technical analysis and key levels
Amid this positive outlook, FIL has formed a bullish price action pattern on its daily chart, gaining strong support from both traders and investors.
According to AMBCrypto’s technical analysis,...