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Biggest Movers: FIL Up 25%, As DOT Surges To 6-Week High On Saturday

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Biggest Movers: FIL Up 25%, As DOT Surges To 6-Week High On Saturday

Filecoin was one of Saturday’s biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today’s session. DOT was also higher, as it too hit a multi-week high.

Filecoin (FIL)

Filecoin (FIL) was one of the big movers in crypto markets on Saturday, as prices of the token surged by over 24%.

On Saturday, FIL/USD rose to an intraday high of $7.49, which comes less than a day after being at a bottom of $5.81.

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As a result of this, FIL reached its highest level since June 7, which came as prices raced past a key resistance point.

FIL/USD – Daily Chart

Looking at the chart, FIL broke past this ceiling of $6.25 earlier in today’s session, which then led to a rise of bullish pressure.

After breaking this ceiling, prices have now collided with yet another resistance, this time at $7.60.

Bulls seem to be targeting the $8 point, however with prices now overbought, this run to $8 may be a little more challenging to achieve during the course of this weekend.

Polkadot (DOT)

In addition to FIL, polkadot (DOT) was also in the green during today’s session, with prices climbing by nearly 10%.

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Saturday saw the token climb to a peak of $8.78, as prices rallied beyond a recent ceiling of $8.45.

Like with FIL, this point is the highest level DOT has traded at since early June, and comes less than 24 hours after prices were at a low of $7.83.

DOT/USD – Daily Chart

The 14-day relative strength index (RSI) is now also at a three-month peak of 64.54, and this could disrupt bullish momentum, as prices are now overbought.

Should momentum continue to rise however, it is likely that the $9 level is what bulls will target as a potential exit point.

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Do you expect polkadot to climb above $9 this weekend? 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

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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