In this Filecoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIL-BTC. Filecoin (FIL) is a decentralized storage network that enables users to rent out their unused hard drive space to others. By leveraging blockchain technology, Filecoin provides a secure and reliable platform for storing and sharing data. With its focus on decentralization and security, Filecoin has the potential to revolutionize the way we think about data storage and management.
Filecoin Price Overview:
As of September 22, 2023, Filecoin is trading at approximately 0.00012 BTC. Let’s dive into the detailed price action for FIL-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00012 |
| High (H) | 0.00012 |
| Low (L) | 0.00012 |
| Close (C) | 0.00012 |
| Volume (C) | 72,295.04 |
- Open (O): The opening price for today’s trading session was approximately 0.00012 BTC.
- High (H): Filecoin reached a daily high of around 0.00012 BTC.
- Low (L): The daily low for FIL-BTC was approximately 0.00012 BTC.
- Close (C): At the time of analysis, Filecoin is trading near its daily close of 0.00012 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.25% |
| 3D Change (%) | -2.10% |
| 7D Change (%) | -4.27% |
| 30D Change (%) | -7.13% |
| 90D Change (%) | -5.75% |
| YTD Change (%) | -33.44% |
Over the past three days, FILBTC has decreased by approximately -2.10%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FILBTC maintaining a downward trend of approximately -7.13%, despite intermittent fluctuations. Examining the last 90 days, FILBTC has witnessed substantial decrease of approximately -5.75%, reflecting strong long-term confidence. Year-to-date, FILBTC has steadily decreased by around -33.44%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Filecoin Live Chart:
You can access a live price chart for FIL-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.2639.
- Momentum score is -0.07126.
FIL BTC Technical Analysis
Filecoin Trading Volume:
The trading volume for Filecoin (FIL) over the past 24 hours has been insignificant, with approximately 72,295.04 BTC traded against FIL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FIL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Filecoin is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FIL-BTC is currently in the low zone, around 41.05456. This suggests that Filecoin is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Filecoin (FIL-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
