Filecoin FIl price does not respond to crypto market fluctuation

Jul 6, 2023

Today, let's take a look at the global chart of FILUSDT
This is the daily time frame, and it shows that the price of FIL has been on a downtrend since April 2021.

Today, the price of the Filecoin token has caught our attention because:
1. the price has approached a strong mirror level around $4.80 and at the same time is close to the trend line.
2. At the time of writing, the FILUSDT price has hardly reacted to the current rise and fall of the BTCUSDT price.

It is difficult to say how much longer the FILUSD price will remain in consolidation yet.
However, we can assume that after the FIL price breaks through the trend line and consolidates above $4.80, the growth to $7.30 can happen very quickly.

Now, the main thing is to watch for when FILUSDT breaks through the trend line and finally breaks out of the downtrend.

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