Striking analysis for Filecoin (FIL): “The road leads to $28”
According to a prepared price analysis, the Filecoin (FIL) price has entered a potential uptrend.
After XRP’s sensational rally and XLM’s rise reminiscent of 2021, eyes turned to major altcoins. A new trend emerged with the rise of cryptocurrencies that have been traded in the market for many years.
A striking target was given for FIL in the major altcoin trend. In the analysis prepared by AMBCrypto, it was stated that FIL was supported by the bulls and targeted new peaks accompanied by an ascending triangle formation.
The following sentences were included in the analysis; “Since the FIL chart is showing an upward trend, a potential rise can be expected. FIL is trading in a formation indicating $28.”
According to AMBCrypto, market sentiment supports the bull run as market participants expect a continuous uptrend. Especially major altcoins host new money inflows at regular intervals.
One of the major altcoins, FIL, increased by 94.18 percent last month. FIL evaluated the first days of December with an increase of over 5 percent.
The analysis predicts that #FIL will chart its path in the coming trading hours and that a striking rise will occur if the path in question is bullish.
Coinglass emphasized that the Open Interest (OI) and Funding Rate data on FIL are positive.
The analysis included the following statements; “FIL may continue its upward trend and the price may rise to double-digit levels.”
According to the analysis, an upward triangle formation indicating upward momentum has formed on the FIL chart. FIL managed to rise above the formation in question.
FIL needs to remain above $6.71 for the rally to be supported. A possible resistance break could carry $FIL to $16.8. The analysis predicted that the next target for a potential climb would be $28.