$FIL About the future outlook of Filecoin (FIL) currency

• Price dynamics:

• According to the latest market data, the price of Filecoin is approximately $8.17, down 4.28% in the past 24 hours.

• Another data shows that the price of FIL fluctuated between $4.163 and $4.495, with an intraday decrease between -3.03% and 2.02%.

• Price prediction:

• By the end of 2024, the average market price of FIL is expected to be US$7.24, by 2027 the price is expected to reach US$15.32, and by 2030 it may reach US$25.23.

• In 2024, the lowest price of FIL is expected to be US$2.99, the average transaction price is US$7.24, and the expected peak may reach US$7.42.

• Market influencing factors:

• Growth in distributed storage demand, technological innovation and network expansion, partnership and ecosystem development, as well as market sentiment and macroeconomic factors may affect FIL's price and market performance.

• Technical analysis:

• From a technical analysis perspective, FIL is currently in a volatile trend, with increased trading volume and falling prices, showing signs of increasing selling pressure.

• Bollinger Bands are showing significant volatility, with FIL recently breaking above the midline, indicating bullish momentum early in the trend.

• Market Sentiment:

• The Fear and Greed Index shows 82, reflecting that the market is in a state of extreme greed, which may affect FIL’s price movement.

• Historical price sentiment:

• FIL started trading in December 2017, with its highest price in history being $237.24 and its lowest price being $1.83. Significant price volatility is experienced between 2022 and 2023.