TL;DR Breakdown Filecoin price analysis is bullish for today.FIL/USD made another spike lower overnight.The $70 major support still holds. Filecoin price analysis is bullish today as another rejection for further downside was seen overnight, and the market has increased since then. Therefore, we expect FIL/USD to reach further upside later today. Cryptocurrency heat map. Source: Coin360 The overall market traded mostly in the green over the last 24 hours. The market leader, Bitcoin, lost 0.53 percent, while Ethereum increased by 0.92 percent. Meanwhile, Cardano (ADA) is the market leader today, with a gain of more than 6 percent. Filecoin price movement in the last 24 hours: Filecoin retests the $70 major support again FIL/USD traded in a range of $70.19 – $78.58, indicating strong volatility over the last 24 hours. Trading volume has increased by 35.17 percent and totals $1.55 billion. Meanwhile, the total market cap trades around $8.26 billion, ranking the coin in 20th place overall. FIL/USD 4-hour chart: FIL ready to rally? On the 4-hour chart, we can see bulls slowly taking over the Filecoin price action with some upwards pressure building up. FIL/USD 4-hour chart. Source: TradingView Filecoin price action saw bearish momentum return over the past week. After a quick spike to the $70 mark for the second time on the 13th of September, FIL/USD rallied to $90 on the 16th of September. However, the Filecoin price re...
