Filecoin Price Prediction for June 2024: Is FIL Poised for a Bullish Run?

Despite recent market volatility, Filecoin (FIL) is showing promising signs of a bullish reversal. Trading between $5.530 and $6.760, FIL has added about 10% in the past week. The Cross EMA 50/200-day indicates a high possibility of a Golden Cross, suggesting a positive outlook. With increased buying pressure and a bullish uptrend in the Moving Average Convergence Divergence (MACD), FIL could break its resistance level and aim for $8.045. However, bearish trends might pull it back to the support level of $5.530. Will FIL continue its upward momentum?

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