TL;DR Breakdown Filecoin price analysis is bearish for today.FIL/USD declined today.Filecoin is likely to retrace further to set a higher low. Filecoin price analysis is bearish today as the market has returned below the $86 resistance after setting a slightly higher high. Therefore, we expect FIL/USD to see further downside over the next 24 hours and set another higher low. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a slight loss over the last 24 hours. Bitcoin saw a decline of 0.52 percent, while Ethereum gained 4.26 percent. Meanwhile, Avalanche (AVAX) is the best performer, with a gain of 21 percent. Filecoin price movement in the last 24 hours: Filecoin starts to retrace below $86 FIL/USD traded in a range of $82.51 – $90.59, indicating strong volatility over the last 24 hours. Trading volume has increased by 11.27 percent and totals $1.62 billion, while the total market cap trades around $9 billion, ranking the coin in 22nd place overall. FIL/USD 4-hour chart: FIL looks to set higher low? On the 4-hour chart, Filecoin price action continues to drop over the past hours as bears look to set a higher low. FIL/USD 4-hour chart. Source: TradingView Filecoin price action traded with strong volatility over the past weeks. After a strong rally to the $120 resistance initially, with a gain of 70 percent, further upside could not be reached on the 7th of September. FIL/USD saw a stron...
