{"id":142643,"date":"2023-09-01T19:15:09","date_gmt":"2023-09-01T13:45:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=142643"},"modified":"2023-09-01T19:15:09","modified_gmt":"2023-09-01T13:45:09","slug":"filecoin-price-prediction-fil-crypto-may-tank-another-25-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/filecoin-price-prediction-fil-crypto-may-tank-another-25-crypto-news\/","title":{"rendered":"Filecoin Price Prediction – FIL Crypto May Tank Another 25% – Crypto News"},"content":{"rendered":"

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Filecoin (FIL<\/a>) price has been in a tailspin since breaking below the $4.82 level on its chart. The latest analysis reveals that the bears are constantly gaining momentum and may soon target fresh lows. At the time of writing, FIL crypto is 98.62% down from its all-time high.<\/p>\n

On Friday, cryptocurrencies experienced a bearish sentiment as the BTC price couldn\u2019t break above its $26,500 resistance. The leading cryptocurrency is again hovering around the $26,000 level as the bulls failed to gain momentum. Filecoin also extended its weekly gains on Friday, and the price was down 0.82% till press time.<\/p>\n

Will Filecoin Ever Recover?<\/h2>\n

Filecoin was launched at the start of the last crypto bull run. In the following months, it became one of the best-performing digital assets, generating ridiculously high returns for its holders. However, the project lacked the adoption, which didn\u2019t justify its insanely high valuation.<\/p>\n

Consequently, Filecoin price tanked really hard in the bear market and is trading only at a fraction of its 2021 all-time high. The network adoption is still way behind other layer 1 protocols. This makes a significant recovery highly unlikely.<\/p>\n

Filecoin Price Prediction Flips Bearish<\/h2>\n

A look at the following FIL price chart reveals that the price has broken below the $4.82-$11.45 trading range. This trading range had been acting as a massive accumulation zone since June 2022. An acceptance below this trading range has flipped Filecoin price prediction extremely bearish.<\/p>\n

The most likely scenario appears to be a retest of the $2.40-$2.70 level in the coming months. To avoid this bearish outlook, the price needs to reclaim the range lows of $4.82, which may now act as a major resistance. The Bitcoin price action in the coming months would also be affecting the price action of Filecoin in the coming months.<\/p>\n

I\u2019ll keep posting my updated outlook on FIL coin on my\u00a0Twitter<\/a>, where you\u2019re welcome to\u00a0<\/em>follow me.<\/p>\n

\"Filecoin
FIL Price Chart<\/figcaption><\/figure>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Filecoin (FIL) price has been in a tailspin since breaking below the $4.82 level on its chart. The latest analysis reveals that the bears are constantly gaining momentum and may soon target fresh lows. At the time of writing, FIL crypto is 98.62% down from its all-time high. On Friday, cryptocurrencies experienced a bearish sentiment […]<\/p>\n","protected":false},"author":2,"featured_media":142644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-142643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142643"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142643\/revisions"}],"predecessor-version":[{"id":146574,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142643\/revisions\/146574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142644"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}