Filecoin price analysis is bearish today.FIL/USD saw a strong reversal back to the $70-$75 support area over the following 24 hours. Filecoin is likely to retrace further to set a higher low. Filecoin price analysis: General price overview Filecoin saw a downfall that was reversed minutes later when the daily FIL/USD price analysis chart set in while the bulls controlled the market. The bull dominance did not take long before the sellers came in and caused resistance in the third minute, making the price record a sharp decline to the lowest price on the daily price analysis. 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. Source: Coin360 Generally, the cryptocurrency is trading in mixed reactions, as indicated by the cryptocurrency heatmap. The giant assets Bitcoin and Ether are part of the section that is trading in a bearish trend. Despite the two popular assets trading bearishly, most altcoins are enjoying a massive price surge. Binance coin is trading positively at $415, which is a 2 percent price surge. Solana is the hottest gainer of the day, recording more than 15 percent price increment, while BNK has recorded the most losses according to the coin360 heatmap. Filecoin price movement in the last 24 hours: Filecoin starts to retr...
