- Bullish FIL price prediction ranges from $42.37 to $120.
- The FIL price might also reach $200 soon.
- FIL bearish market price prediction for 2022 is $13.82.
This Filecoin (FIL) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our FIL price analysis and prediction.
Filecoin (FIL) so far has become one of the most impressive cryptocurrencies this year. Specifically, the crypto was able to record an all-time-high price of $237.24 last April. This aggressive performance of the crypto attracts the attention of investors around the world, though its price has reduced by over 45% in the past one year.
Regarding Filecoin’s technology, the network uses blockchain technology to run its operations. Mainly, the crypto uses blockchain for the storage of its users’ files on the storage miners. These storage miners are the ones responsible for keeping the files on track and their authenticity. With this, users of the network can be sure that their files are stored reliably and correctly over time.
In this FIL price prediction and price analysis, we take a look at the performance of FIL if it will reach $200. But before that, let us learn more about what Filecoin (FIL) is and its current position in the crypto market.
What is Filecoin (FIL)?
Filecoin is a storage network based on blockchain technology that turns cloud storage into an algorithmic market. It aims to provide all its users worldwide with a safe place to store common and sensitive data or information. Best of all, FIL is designed to be user-friendly in a way that it has special software that enables its users to store data on a PC’s hardware.
The Filecoin network was launched in 2014 and was designed by the Protocol labs. It is built on top of the Interplanetary File System, allowing users to rent unused hard drive spaces. On the other hand, the miners that facilitate or provide data storage or retrieval of files are rewarded by the network.
To be specific, there are many types of data and files that the Filecoin network supports. For example, company files, private data, websites, video, personal files, public databases, podcast data, contract data, and security archives to name a few.
Now that we have an idea about FIL, do you think FIL will be profitable crypto in 2022? Join me and let us see the charts in this FIL price prediction.
Filecoin (FIL) Current Market Status
As of the time of writing this Filecoin technical analysis, FIL trades at $22.79 with a 24-hour trading volume of $550,723,338. The price of FIL has increased by 3.51% in the last 24-hours.
Furthermore, FIL has a current circulating supply of 163,253,336.00 FIL. Currently, the top crypto asset trading platforms for FIL are Gemini, Kraken, Gate.io, Kucoin, Bitfinex, and Huobi Global.
Now, let’s proceed to the next part of this FIL price analysis for 2022.
Filecoin (FIL) Price Analysis 2022
Currently, FIL holds the 42nd place on CoinMarketCap. But will the latest upgrades, developments, and changes in the FIL blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this FIL price prediction article.
From the Keltner Channel Indicator above for 1Day chart of FIL/USDT, we can observe that the price of Filecoin (FIL) has started to recover from a long period of a downtrend. Since the last candlestick is not close to the bottom curve, this recent bullish run might last for a while.
FIL/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
Since the relative strength index of Filecoin from the chart above is 48.81. It means that FIL is moving into a period of neutral trend which could last for a while since the value is between 30 and 50.
FIL/USDT 1Day Chart Showing 90-MA and 30-MA (Source: Tradingview)
From the 90-MA and 30-MA chart above for FIL/USDT 1day chart, we can observe that the 90-MA is above the 30-MA. This means that in the long-term, that Filecoin is bullish.
Filecoin (FIL) Price Prediction
The chart below shows that FIL has performed great over the past few days. Moreover, the FIL price over 13% in the last 14 days. If this trend continues, FIL might run along with the bulls, overtaking its $28.17 resistance level and even higher to $123.18, a bullish signal for 2022.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone FIL from its uptrend position. In simpler terms, the price of FIL might drop to almost $13.82, a bearish signal.
Meanwhile, our long-term FIL price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time high (ATH) at about $237.24. However, it is impossible for FIL to reach this level within this year.
Filecoin (FIL) Price Prediction 2022
If this bullish trend continues, FIL will reach $120 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $42.37. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $200 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Filecoin (FIL) Price Prediction 2023
If FIL holds the support level around 90-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $400, making it not plummet but play consistently.
Filecoin (FIL) Price Prediction 2024
As per the latest upgrades, developments, FIL price prediction, and new project forecasts of the platform, FIL investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of FIL in the crypto market, and it will be the best investment as the price can spike and reach around $600.
Filecoin (FIL) Price Prediction 2025
In the next four years, FIL prices could rise up to $1000. More so, reaching this level could not be so difficult for FIL as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FIL has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Filecoin (FIL) Price Prediction 2026
If Filecoin (FIL) maintains a relative strength index that is above 50 by the end of 2025, it might reach $1500 by the end of 2026.
Conclusion
Filecoin (FIL) has a bright future ahead of it in 2022. With the ongoing developments happening within the FIL ecosystem, as well as in the overall crypto market, we may see FIL reach new heights.
Bullish FIL price prediction 2022 is $120. As said above, it may even reach $200 if investors have decided that FIL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
FIL is one of the active digital assets in the crypto market. Consequently, traders and investors are now closely monitoring crypto. Filecoin’s native token is FIL.
Users can obtain FIL tokens by purchasing them from cryptocurrency exchanges such as Gemini, Kraken, and Huobi.
FIL is the best crypto asset to invest in 2022. Best of all, FIL has a high possibility of surpassing its current ATH at about $237.24 this year.
Yes, it’s very much possible that FIL might reach $200 in the near future as per the current bullish trend.
Filecoin (FIL) price is expected to reach $120 by 2022.
Filecoin (FIL) price is expected to reach $400 by 2023.
Filecoin (FIL) price is expected to reach $600 by 2024.
Filecoin (FIL) price is expected to reach $1000 by 2025.
Filecoin (FIL) price is expected to reach $1500 by 2026.
By Ananthi Reeta | Original Link
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