• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 28, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Filecoin (FIL) Price: Consolidation Looms as Users Dip 

Jordan Avery by Jordan Avery
March 29, 2024
in News
Reading Time: 3 mins read
0
FILECOIN-FIL-PRICE-
Share on TwitterShare on Facebook

Technical and on-chain analysis of Filecoin (FIL) indicates the beginning of a consolidation phase. The decline in daily active users since early February and the RSI above the overbought threshold suggest that the token is preparing for a period of stability, setting the stage for potential future price movement.

Filecoin (FIL): Number of daily active users decline

The number of daily active users of Filecoin is declining. However, since the beginning of February, it has seen a gradual decline in the number of daily active users, indicating a steady change that has profound implications for the entire ecosystem.

filecoin-fil-price
santiment

As a rule, a drop in the number of users affects the competitiveness of the project and its attractiveness to new investors. Moreover, If the problem is not resolved soon, it will inevitably will affect the price of FIL.

The RSI index remains overbought

Filecoin weekly RSI is 73. After soaring to 83 in early March, the index has declined markedly, demonstrating a classic overbought scenario where demand has pushed the price to potentially unsustainable levels. However, the RSI drop to 73 suggests that the buying frenzy is gradually subsiding, and FIL is entering consolidation, balancing prices after the recent surge.

FIL price forecast

The 4-hour chart of FIL shows the convergence of the exponential moving averages (EMA) and the current price line. On the other hand, this usually signals trend uncertainty.

filecoin-fil-price-1-Consolidation-dip
tradingview

The death cross, which forms when the 20 EMA falls below the 200 EMA, entering a consolidation could trigger a fall to $7.6. On the other hand, an uptrend, which could be indicated by a golden cross of the short-term EMA above the long-term EMA, will result in FIL rising to $11.

About Filecoin (FIL)

Filecoin is a decentralized system for data exchange and cloud storage. Developed by Protocol Labs, a research and development company that specializes in Web 3.0 solutions. Filecoin is a blockchain based on IPFS (Interplanetary File System). FIL is the network’s native cryptocurrency, serving as a payment instrument connecting buyers and sellers in the IPFS ecosystem.

In 2017, Filecoin raised $206,000,000 through its ICO, which attracted the attention of thematic media. Today, the project is making itself known again – its value has grown by 120% in a week, and its capitalization has allowed it to enter the top ten. The system is actively developing and providing users with new opportunities, for example, from March 31, users can create NFT galleries thanks to the partnership between FIL and the Truffle Suite platform.

Tags: Blockchain Technologycryptocurrency analysisFIL tokenFilecoinon-chain dataprice forecast
Previous Post

Terra Luna Classic LUNC Community Rejects KYC Proposal

Next Post

Fantom (FTM) Stumbles: Investor Sell-Off Risks 20% Drop

Related Posts

Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier