After February 2023, #Filecoin exceeded the $8.40 threshold.
The spike follows Filecoin news and the network's integration with Solana.
In the last 24 hours, Filecoin price saw a 13% surge, hitting $8.10, driven by a sudden increase in trading volume.
The double bottom reversal momentum at $5 suggests a possible trend reversal.
The neckline breach of the rounding bottom pattern at $7.56 indicates bullish momentum.
Trading above the 78.60% Fibonacci level suggests a high likelihood of bullish trend continuation.
Filecoin's daily chart depicts trading within a parallel channel.
With optimism, the trend targets the $10 mark, with further potential to surpass $12, aligning with the 1.618 Fibonacci level.
As per Coin Gabbar analysis, #Filecoin Price Prediction 2030 may be around $80, while Filecoin Price Prediction 2040 is approximately $240.
KEY LEVELS :
RESISTANCE LEVEL : $10.00-$12.00
SUPPORT LEVEL : $6.50-$4.50
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