Filecoin forecast – further price loss of 65% in sight?

The most important level to watch now is the $7.50 support. If this breaks, which we unfortunately expect, the price could fall much lower than before. We now have to wait and see what the weekly candle, which will close at 01:00 on Monday, looks like. If the weekly close is below $7.50, we assume that Filecoin price will hit the next support. Thus, the course could continue the last crash. A trend reversal has not yet been identified.

If Filecoin price breaks the $7.50 support, we will assume the fall will continue and it might reach the next support. The next horizontal support is around $2.64. As a result, the Filecoin price could fall another 60%. Whether or not the price will experience a trend reversal after that remains to be seen. It is not yet possible to judge this.

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