TL;DR Breakdown Filecoin price analysis is bearish for today.FIL/USD rallied back to $86 previous local high.Filecoin is likely to break higher today. Filecoin price analysis is bullish for today as the market saw a strong advance over the last 24 hours and currently trades at the $86 resistance. Therefore, if FIL/USD can break above the resistance, we expect a lot more further upside later today. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. The market leader, Bitcoin is up by 2.63, while Ethereum trades with a 2.27 percent gain. Binance Coin (BNB) is the best performer, with a gain of 8.34 percent. Filecoin price movement in the last 24 hours: Filecoin rallies back to $86 FIL/USD traded in a range of $78.60 – $87.40, indicating strong volatility over the last 24 hours. Trading volume has increased by 16.14 percent and totals $1.45 billion, while the total market cap trades around $9.14 billion, ranking the coin in 21st place overall. FIL/USD 4-hour chart: FIL look to break higher? On the 4-hour chart, we can see Filecoin price currently not being to break above the $86 resistance, potentially indicating another retracement incoming. FIL/USD 4-hour chart. Source: TradingView Filecoin price action has seen strong volatility over the past weeks. After rallying 70 percent from the $70 support to the $120 current major swing high at the beginning of September, a...
