After February 2023, #Filecoin exceeded the $8.40 threshold.
The spike follows Filecoin news and the network's integration with Solana.
In the last 24 hours, Filecoin price saw a 13% surge, hitting $8.10, driven by a sudden increase in trading volume.
The double bottom reversal momentum at $5 suggests a possible trend reversal.
The neckline breach of the rounding bottom pattern at $7.56 indicates bullish momentum.
Trading above the 78.60% Fibonacci level suggests a high likelihood of bullish trend continuation.
Filecoin's daily chart depicts trading within a parallel channel.
With optimism, the trend targets the $10 mark, with further potential to surpass $12, aligning with the 1.618 Fibonacci level.
As per Coin Gabbar analysis, #Filecoin Price Prediction 2030 may be around $80, while Filecoin Price Prediction 2040 is approximately $240.
KEY LEVELS :
RESISTANCE LEVEL : $10.00-$12.00
SUPPORT LEVEL : $6.50-$4.50
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Also read: Ethereum Price Prediction: Will Bulls hold the $3000 levelsLokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.