Filecoin Price Prediction for Today, 03 December: FIL Is Ranging Within $4.8 and $4.0 Levels

Bears’ momentum is low in the Filecoin market

FILUSD Price Analysis – 03 December

In case bears technically break down the support level of $4.0, Price may decrease to $3.6 and $2.8 support levels. Bulls may gain momentum to break up the resistance level of $4.8 and price will increase to $5.7, and $6.1 resistance levels.

FIL/USD Market

Key Levels:

Resistance levels: $4.8, $5.7, $6.1

Support levels: $4.0, $3.6, $2.8

FIL/USD Medium-term Trend: Ranging

FIL/USD is ranging in the long-term outlook. The bearish movement started in August and it tested the support level of $4.8 on 24 October. Buyers gained more momentum to oppose the sellers and the price pulled back to retest the resistance level of $6.1. An evening star candle pattern formed; this is a bearish chart pattern. The price decreased to test the support level of $4.0. The sellers and the buyers lose their momentum and the price commences a ranging movement within the $4.8 and $4.0 levels.

The Sellers’ momentum and buyers’ momentum are equal. Price is currently ranging within the resistance level of $4.8 and $4.0. The Filecoin market is trading around the 21-periods EMA and 9-periods EMA. The relative strength index period 14 is at 49 levels pointing up, which indicates a buy signal. In case bears technically break down the support level of $4.0, the Price may decrease to $3.6 and $2.8 support levels. Bulls may gain momentum to break up the resistance level of $4.8 and the price will increase to $5.7, and $6.1 resistance levels.

FIL/USD Short-term Trend: Ranging

Filecoin is ranging in the short-term outlook. The sellers’ momentum is at equilibrium with the bulls’ momentum and that is what caused a ranging movement within the resistance level of $4.8 and support level of $4.0. Until there is a breakout either to the north or to the south the ranging movement may continue.

Filecoin is hovering over and around the 21-period EMA and 9-periods EMA which indicates that ranging movement is ongoing. The relative strength index period 14 is at 55 levels pointing down to indicate a sell signal. There is a low momentum in the Filecoin market, but high momentum in the Dash 2 Trade market.

Those who invest in Impact Token (IMPT) will be able to claim them as from December 12, 2022. In order to do this, they will connect the wallets they used to buy the tokens initially, and the token will be dropped into their wallets. Also Uniswap, LBank and Changelly Pro will list IMPT for trading, once the presale has been concluded. It is great to be green, and about $13.6 million has already been raised for this environmentally friendly project.

It is now easy for all traders and investors to stay in the loop with all the events affecting cryptocurrencies; thanks to our groundbreaking Dash 2 Trade platform. You will not miss any important events on the cryptocurrency market, because the platform helps you stay on top of your trading game. D2T presale dashboard is launching soon as the product dev is ahead of schedule. In the ongoing presale, almost $8.5 million has been raised.

Related                 

Dash 2 Trade – High Potential Presale

• Active Presale Live Now – dash2trade.com
• Native Token of Crypto Signals Ecosystem
• KYC Verified & Audited