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Biggest Movers: APE Hovers Close To 2-Month High, FIL Up Nearly 70% In Last Week

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Biggest Movers: APE Hovers Close To 2-Month High, FIL Up Nearly 70% In Last Week

Apecoin was trading close to a two-month high on Monday, despite crypto prices mainly being in the red to start the week. Global crypto markets are currently down around 2% as of writing. Despite this, filecoin continued its own surge, with prices of the token up nearly 70% in the last seven days.

Filecoin (FIL)

Filecoin (FIL) was once again a notable mover in crypto, as prices of the token rose for a seventh consecutive session.

Monday saw the token hit an intraday high of $11.24, which is its highest level since May 11, when prices were trading above $11.50.

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Overall, FIL is currently trading nearly 70% higher than at the same point last week, when prices of the token were at a floor of $5.10.

FIL/USD – Daily Chart

The rally commenced at this support point, with bullish pressure intensifying as the days and week progressed.

This led to the 14-day RSI (relative strength index) tracking at a peak of 83, which is its highest point since March 2021.

Earlier gains in FIL have now eased as a result of prices being overbought, and following a collision close to a resistance point of $11.25.

FIL/USD is trading at $8.88 as of writing.

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Apecoin (APE)

In addition to FIL, apecoin (APE) was also in the green during Monday’s session, with prices hovering near a two-month high.

APE/USD hit a high of $7.26 in today’s session, which comes less than a day after the token was trading at $6.70.

Today’s move saw the token trade marginally below $7.30, which is its highest point since the end of May.

APE/USD – Daily Chart

However, following a slight breakout above a resistance level of $7.15, bullish pressure eased, with the price now trading under $7.00.

Looking deeper into the current daily chart on APE, you can see that the relative strength index is currently at 64.28, which is near a ceiling of 65.

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Should this momentum continue to rise, then we might see bulls attempt to recapture a higher resistance point of $9.30.

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Could apecoin reach this resistance in August? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, photo_gonzo / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

$FIL

Filecoin Cruises Near Resistance, Now Attempts For A Breakout

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Filecoin Cruises Near Resistance, Now Attempts For A Breakout

Filecoin (FIL) price action shows the formation of a flag and pole pattern that indicates a bullish movement.

  • Filecoin price displays a robust uptrend with a bullish flag and pole pattern.
  • Four-hour time frame for Filecoin showed the formation of a symmetrical triangle pattern
  • Filecoin currently trades at a long-term supply range following a breach of short-term key resistance

 Currently, Filecoin price trades at a long-term supply level after successfully breaching a short-term key resistance.

Prior to the breach, FIL price has been in convergence for quite some time. With that said, the breach of the supply level has made a tremendous impact which blasted a robust bullish streak.

Filecoin Shows Robust Upward Movement

Following a robust bullish movement, FIL coin price has started consolidating once again and creating higher high as well as higher low patterns seen on a daily time frame.

According to CoinMarketCap, the Filecoin price has been highly bullish trading at $8.55 with a surge of 0.69% as of this writing.

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As of press time, FIL coin price has breached the critical 50 and 100 EMAs. More so, the coin currently trades midway of the Bollinger band indicator after it failed to outpace the upper bands. More so, trading volumes for the coin have also surged following the breach.

At this point, investors are advised to keep an eye for any signs of a breach in the bullish flag and pole pattern, and then act fast.

FIL Price To Surge Once It Breaches Flag, Pole Pattern

Given a 4-hour time frame, the FIL coin price is observed to form a symmetrical triangle. The ADX curve has also spiked on a higher time frame as it moves in sync with the coin’s uptrend which hints at a rally in FILE coin price.

Judging by the daily time frame, the ADX curve is seen to have swerved past the 20 levels and shifted upwards. On 4-hour time fame, the coin is spotted currently sitting in the short-term demand zone. At this point, investors need to wait for the formation of a positive candle in the demand area.

FIL coin’s RSI is showing trading activity at the 50.41 mark. Its RSI also shows a crossover on the 50 zones. Remarkably, the FIL coin price revealed a breach seen at a robust supply zone. In the event that the coin price manages to breach the bullish flag and pole pattern, the RSI will also quickly swing upwards. RSI curve also shows that it has successfully crossed the 14 EMA which defines a short-lived bullish movement.

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The Supertrend indicators are also very optimistic, especially with the breach of the critical small-term supply mark as seen on the daily time frame which also prompted the continuous rallying of coin prices.

Crypto total market cap at $1.15 trillion on the daily chart | Source: TradingView.com    Featured image from Binance Academy, Chart from TradingView.com

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$FIL

Biggest Movers: UNI Drops To 1-Week Low, While FIL Extends Recent Declines

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Biggest Movers: UNI Drops To 1-Week Low, While FIL Extends Recent Declines

Uniswap moved to a one-week low on Tuesday, as crypto markets were mostly in the red during today’s session. The latest red wave in crypto markets comes days after several high profile tokens rose to multi-month highs. Filecoin was one such token, however it too declined today, falling for a third straight day.

Uniswap (UNI)

Uniswap (UNI) fell to a one-week low on Tuesday, just over ten days after the token was trading above a three-month high.

Following a high of $9.84 last Monday July 28, UNI/USD dropped to an intraday low of $8.37 earlier today.

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This drop sees UNI extend recent price uncertainty, which comes after failing to break out of a resistance point of $9.30 over the weekend.

UNI/USD – Daily Chart

From a failed breakout of this key price ceiling, it now looks like the token is heading for a floor of $8.20.

However, this could be a positive, as history has shown that there is significant bullish pressure at this level.

Today’s decline comes as the relative strength index (RSI) fell below a floor of 57, and now looks to be heading for another support at 53.

Should the RSI reach this point, and bulls buy at the floor of $8.20, it is likely that UNI may attempt to climb back towards $9.30.

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Filecoin (FIL)

Filecoin (FIL) was another notable mover on Tuesday, as the token fell by close to 10% in today’s session.

FIL/USD dropped to a low of $8.26 earlier today, which comes less than a day after trading at a high of $9.24.

Similar to UNI, the decline comes as the token slipped for a third consecutive session, days after trading at a multi-month high.

FIL/USD – Daily Chart

This most recent streak of declines began on Sunday, when the token failed to overcome a strong ceiling at $9.50.

As of writing, the 14-day RSI is tracking at 56.46, which is the lowest point for the index in over two weeks.

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This could be an opportunity for bulls looking to buy the dip, as prices seem to be relatively oversold. However, this may also be a trap, with prices set to fall below the current floor.

Register your email here to get weekly price analysis updates sent to your inbox:

Could we see filecoin rebound in the coming days, and move back above $9.00? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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$FIL

Biggest Movers: AVAX Nears 2-Month High, FIL Up 15% Despite Weekend Volatility

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Biggest Movers: AVAX Nears 2-Month High, FIL Up 15% Despite Weekend Volatility

Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today’s session. As of writing, crypto markets are trading 1.03% higher.

Avalanche (AVAX)

Avalanche (AVAX) was one of Saturday’s notable gainers, as prices moved close to a two-month high.

Following a low of $23.98 on Friday, AVAX/USD surged to a high of $25.91 to start the weekend’s session.

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This move sees the token move closer to its long-term ceiling of $26.00, and a two-month high of $26.42.

AVAX/USD – Daily Chart

Looking at the chart, today’s peak comes as AVAX has rallied for four consecutive sessions, pushing price strength to a multi-week high.

As of writing, the relative strength index (RSI) is tracking at 62.50, which is its highest point since July 22.

This is also marginally below a ceiling of 64, which AVAX will need to overcome for it to climb above the $26.42 level.

Filecoin (FIL)

While AVAX moved close to a two-month high, filecoin (FIL) was once of today’s biggest movers, as prices rose by nearly 15%.

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FIL/USD raced to an intraday peak of $9.43 to start the weekend, less than 24 hours after residing at a low of $8.10.

As a result of Saturday’s surge, FIL moved close to its price ceiling of $9.50, which is usually the last line of defense to a move above $10.00.

FIL/USD – Daily Chart

Overall, filecoin is still up by over 25% in the last seven days, despite prices falling from a nearly three-month high of $11.37 this past Monday.

In order for FIL to recapture those highs, the 14-day RSI would need to move past a resistance point of its own.

The indicator is currently tracking at 70, which is already in overbought territory, however it will need to climb closer to 82, which is a point it hit on Monday.

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Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect filecoin to surge to $10 this weekend, despite being overbought? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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