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P_S_trade
Dec 19, 2022 3:05 PM

Filecoin FIL price "more dead than alive", what next ? 

Filecoin / Tether USWhiteBIT

Description

Two months ago, we made the idea of FILUSDT, where we wrote that the price was at a critical point near $5.


Unfortunately, the fall in the cryptocurrency market continued, and the FIL price reached the target of $3
Moreover, the price of Filecoin token on 16.12.22 updated its absolute price minimum - $2.42

What do you think caused a -40% drop in the FILUSD price in just 15 minutes on 16.12.22, write in comment?

The most positive scenario at this moment for FILUSDT is consolidation around $3 with further growth to $5
It will be unrealistic to break above this level the first time.
If you believe in this project, the price of current purchases is close to the minimum.

A similar situation on the FILUSDT chart was in December 2018, but there is a nuance, then the BTCUSDT price "trampled" the bottom around $3200, and now Bitcoin is 5 times more expensive (Fil unfortunately not...)
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Idea in the process of working out
Comments
Negin_S92
Please update your analysis for filecoin
PavelMedvedev
Good job!
SwallowPremium
Thank you so much, this does make a lot of sense!
Solldy
I generally agree with the publication, but my targets are a little lower and I don't think it will happen that soon.
DeGRAM
Great job as always!
TheNewsCrypto
Good one
Gold-Tech
Accurate analysis. Thank you
RLinda
Best work) I am interested to see your ideas, thanks)
P_S_trade
@RLinda, thank you too
KlejdiCuni
Very good job here. Thanks
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