TL; DR Breakdown Sellers control FIL/USD market.Most parts of the cryptocurrency heat map are in red, implying a market is bearish.Bitcoin trades slightly below $50 K. Filecoin price analysis: General price overview Price analysis of Filecoin indicates that the market is currently in a moderately bullish trend, with the price reaching $96 where it faced resistance. The resistance was so strong that the Filecoin price dropped, forming several inverted triangles before bulls got support at $93 and altering the bearish trend. The buyers made the price of the coin ton surge in a rising wedge while forcing several head and shoulder patterns. FIL/USD started off the 5-day price analysis chart with bears controlling the market, causing prices to drop to lows of $76.53 on the 5-day price analysis chart, which acted as support to the bulls making FIL/USD price move in a sharp upward momentum to the highest price on the 5-day price analysis chart $96.5. Filecoin price movement in the last 24 hours: Filecoin spikes to $95.6 FIL/USD has been trading in a tight range for the last day, with FIL/USD changing hands in a range of $86.3 – $95.6, suggesting that the price has been relatively stable throughout the previous 24 hours. The trading volumes of FIL/USD have increased by 92 percent in the last 24 hours; the overall trade volume totals to $1.9 billion, and the market capitalization has risen by 13 percent to 13 billion, putting Filecoin...
