Filecoin Price Prediction: 2024, 2025, 2030

FIL price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, $2.9 can be anticipated as the lowest price floor.
• Meanwhile, $10.8 served as the highest resistance level.

2. Market sentiment

• The market remains bearish on FIL in September 2024.

3. Predictive forecasts

• Based on projections from our AI/ML predictive algorithms, the average price of FIL will reach $10 in 2031 and increase to $20 by 2035.

Get essential insights on FIL via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

FIL technical analysis: Broader market recovery triggers price uptick

The analysis of the FIL weekly chart over the analyzed period provides a nuanced understanding of its market behavior, offering insights critical for a Filecoin price prediction in 2024.

The initial period was characterized by a lack of buying pressure. Until late October, the asset consolidated between the lowest yearly floor at $3.1 and $3.4. The succeeding bullish breakout carried it over $4.4 in early November. By mid-month, FIL challenged $5.5. Despite retreating to the latter level, late December witnessed a decisive move above this threshold.

Simultaneously, the asset slightly surpassed $6.5. Notwithstanding, the new year began grimly as bears clawed the price below $5.5. A subsequent bull run in February allowed the asset to overcome previous barriers.
 

As the month ended, the asset was testing its peak resistance at $10.8. AMBCrypto reported that during this period, FIL emerged as one of the largest gainers in the cryptocurrency market. The primary catalyst for this rally was its partnership with Solana (SOL).
 

This level was rigorously tested until mid-March, after which the bulls retreated. As the broader market turned bearish, FIL fell to $5.5 in early April. Until mid-June, the price remained range-bound between this level while repetitively testing $6.5.
 

Nonetheless, after the former was flipped bearishly, FIL dropped to $3.4 in July to find support. AMBCrypto highlighted that a short-term rebound was likely. Furthermore, rising volume and Open Interest (OI) indicated investor interest.
 

This materialized as the price slightly moved past $4.4 by mid-month. Nonetheless, it returned to $3.4 by the end of the month. After briefly stabilizing at this low, the bulls attempted to rally again.

Regardless, the broader downtrend countered their efforts and compromised the asset’s standing on the latter level in September. However, like many altcoins, FIL experienced a resurgence of optimism in mid-month and moved past $3.4. As the analysis ended, it traded at $3.8.
 

A possible increase in selling pressure could cause the price to revert to the lowest floor. If left unchecked, the price can go as low as $2.9. Nonetheless, if the rally continues, it could take FIL to retest and flip the current resistance. 

Reclaiming it would turn the trend bullish. The retest of the peak barrier would necessitate a strong rally backed by consistent buying pressure. This level has not been overcome since Q2 2022, indicating a significant psychological and technical barrier for the market.

The model's forecasts are quite pessimistic, suggesting the possibility of the price surpassing the double-digit threshold by 2031, with an average trading price of around $10. The outlook extends into 2035, where a modest value appreciation is anticipated, bringing the average trading price to over $20.

FIL’s 2024 roadmap: Key indicators to watch and trade

• The Moving Average Convergence Divergence (MACD) and its signal line started by registering negative values, with the latter dominating from October. The concurrent ascent drove it above the zero line by early December, with the signal line following suit by month’s end. 
• After peaking in late March, the MACD descended, culminating in a bearish crossover in mid-April. Moreover, the MACD and the signal line turned negative in mid-June and early July, respectively. 
• The latest recorded values showed the signal line at -0.628, the MACD line at -0.687, and the histogram at -0.059. The proximity of the lines pointed to an increase in bullish strength.
• The trading volume recovered from its lackluster state in late October. This recovery was bolstered in December and February as the price established new highs. However, the volume receded as investors withdrew due to falling prices.
• The Bollinger Bands remained close during the price consolidation, with the candles below the 20-week Moving Average (MA). By the end of October, the 20 MA was flipped to support.
• Furthermore, the price candles frequently crossed the upper band between November and mid-March, triggering an expansion. Yet, the price returned to a submissive position by April, with the bands remaining far apart. This indicated heightened market volatility and selling pressure.