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$FIL Filecoin price prediction – $240 and now $19

 


In our last Filecoin price forecast , we wrote that the price could probably increase by around 200%. The reason for this was a symmetrical triangle, which had a higher probability of breaking out to the upside. However, the price then broke down and was able to drop to around $19. The low point meanwhile was at $16.84. But how could the Filecoin course continue? Will we go up a little first or will we continue down? We'll enlighten you!


Filecoin price was able to sink below the $20.86 and $26.21 support zones by breaking out. This support zone was our first target in case the price breaks down. As price has now broken this support, we anticipate even lower levels. The price could rally to $26.21 in the short term to confirm former support as resistance. But how far down could it go?


Since the Filecoin, like many other cryptocurrencies, suddenly rose extremely in this bull run, supports are far below or at large intervals. The next support is around $7.50, so we expect the price to drop to this level. If the support fails, the price could drop to $2.64.

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