Charted: Filecoin (FIL) Rally Takes Breather, Key Uptrend Support at $60 Intact

 

Filecoin (FIL) started a strong rally above the $60.00 and $65.00 resistance levels. The price is currently correcting lower, but there is a strong support near the $60.00 level.

  • Filecoin price climbed sharply from the $52.00 support and surged over 50% against the US dollar.
  • The price tested the $75.00 resistance and recently started a downside correction.
  • There is a short-term declining channel forming with resistance near $67.00 on the 5 minute chart of the FIL/USDT pair (data source from Binance).
  • The pair could continue to move down, but the $60.00 support could act as a strong buy zone.

Filecoin (LINK) Price Rallies To $75

In the past few hours, there was a strong rise in filecoin’s price above the $60.00 resistance level. FIL price even broke the $65.00 and $70.00 resistance levels. There was a test of the $75.00 and the price settled well above the 100 simple moving average (5 minute). FIL also gained significantly against bitcoin and


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