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Filecoin Price Skyrockets amid Upbit Listing Announcement: What’s Next for FIL?

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Main notes

  • Fil increased by 7.11 % after being inserted into South Korea.
  • The distinctive symbol settled at $ 2.88, which reflects an increase of 5.3 % during the past day.
  • The project recently witnessed a 305 % increase in development activity.

Felicoin

elephant
$ 2.75



24 hours fluctuation:
1.6 %


The maximum market:
$ 1.78 b



Folder. 24h:
$ 526.03

Watch an immediate increase of 7.11 % after Upbit, the largest exchange of cryptocurrencies in South Korea, listed the distinctive symbol on his platform. At the time of writing this report, Fil settled about $ 2.88.

The list, which occurred on April 4, at 16:30 kglk, was presented by FIL trading against Korean Won (KRW). This opened the distinctive symbol for a larger base of South Korean investors.


It is worth noting that the exchange duty Many commercial restrictions to prevent market treatment. For five minutes after the list, new purchase orders were limited. In addition, sales orders will be restricted at 10 % lower prices than the previous closure price.

For an hour after launch, traders were only able to submit basic requests, as trading strategies remained the most complex temporary handicapped. The Stock Exchange also restricted deposits on the Filecoin network.

Fil Price Outlook

After the inclusion announcement, the market value of Fil 5 % increased To $ 1.86 billion, according to the data written by CoinMarkketca. In the price scheme for 4 hours, the MACD indicates signs of a possible reflection.

Source: TradingView

It has crossed the MACD line over the signal line, indicating that the upscale momentum may continue. However, merchants should monitor the graph because FIL may face resistance if it turns into negative.

Bolinger domains reveal huge fluctuations. FIL price has risen above the upper range, indicating excessive conditions in the peak that often leads to recovery. If the price is stabilized near the medium range (SMA 20 days), it may indicate a period of unification before the next step.

Skyrockkets Perecoin Price amid the AUPPIT Lists announcement: What is the following for Fil?

Source: TradingView

Meanwhile, the relative power index currently hovers about 56 years, indicating a moderate bullish force. This indicates that Fil can still move up. However, a significant rise in the relative power index indicates a scenario at the height of purchase, which may lead to a decline.

FIL currently faces resistance at $ 3.00, which is the psychological level that has proven difficult to break. If FIL broke this level sustainable, it may aim to resist the next resistance at $ 3.20.

On the other hand, in the short term, support is about $ 2.75. The collapse below may lead to a deeper decline of about $ 2.50.

The increasing felikoen adoption

Besides the price procedure, the basics of Pilecoin are still strong. According to the Broker series, Filecoin has witnessed a 305 % increase in development activity, rating among the best projects in the decentralized physical infrastructure network (DePin).

Moreover, the Crypto Uccan investor indicated that Fil was among the most of the DePin projects mentioned on social media in March, along with the online computer (ICP) and Render (RNDR).

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

Filecoin (FIL) News, Altcoin News, Cryptocurrency News, News

Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

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