7/13/2021 3:31:56 AM GMT
Filecoin Price Prediction: FIL bulls at inflection point
Filecoin price seems to be at a critical point in its journey as it trades around a key support level. This barrier has prevented it from massive drawdowns during the May 19 and June 21 sell-offs. Despite a brief dip below it on June 22, FIL is holding above it, indicating buyers’ presence.
Filecoin price is currently hovering above $52.55, a support level that served as a launching pad during mid-March and prevented the altcoin from massive downswings during the recent slump.
Cardano price cannot handle the spotlight, back below $1.40 with risk building
Cardano price broke away from a bearish rising wedge pattern on June 8 with a -5.45% loss and a daily close below the 2018 high of $1.40. It was a quick reversal of fortune for ADA after finally recapturing $1.40 on July 3. As before, without a daily close above $1.40, the altcoin is vulnerable to test the 200-day SMA or the June 22 low.