Filecoin Price Prediction: 2024, 2025, 2030

FIL price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly time frame showed $3.1 to be the lowest price floor, while $26.5 might likely be the highest resistance level.

2. Market sentiment

• The overall market sentiment is seen to be slightly bearish in April 2024.

3. Predictive forecasts

• Our AI/ML models have predicted that FIL may touch an average value of $210.94 by 2028 and $7428.28 by 2033.

Gain key insights on FIL via a detailed 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: Can the bulls charge back?

The Filecoin price prediction for 2024 is based on a detailed analysis of FIL's market performance over the past year. Significant price movements and investor behavior have influenced the token’s valuation throughout the year.
 

The period under review began with FIL slightly breaking past the $5.5 mark. However, by mid-April 2023, the token encountered a sharp downturn, which resulted in a significant drop in its value. Eventually, it stabilized at the $4.3 level by mid-May. 
 

As June unfolded, FIL's challenges continued, with the price descending further below the previously established lowest support level of $3.1. Despite this bearish trend, a notable shift occurred later in the month as the bulls began to exert pressure. 
 

This bullish influence led to a recovery, pushing FIL’s price back to $4.3. However, resistance at this level proved too robust, causing the asset to retreat again to the $3.1 support level by August. It remained stagnant until October.
 

A significant trend reversal was observed during mid-October, signaling a change in market sentiment. Bullish momentum accumulated, propelling FIL past the initial $5.5 level by the end of 2023. 
 

As the new year began, FIL experienced a minor corrective pullback in January, which was quickly overcome, leading to an upward trajectory that persisted into February. By mid-February, FIL reached its peak resistance level at $10.6. However, this high was followed by a marked downturn, with the altcoin declining to $8.1 by March.
 

The bearish momentum extended into April, with FIL retracing its steps to the $5.5 level. At the time of writing, the token had managed a slight recovery, trading at $5.7. This indicated a rebound from the recent lows.
 

FIL’s short-term future trajectory was significantly hit due to the recent downturn. The token witnessed a price depreciation of over 38% over the past month alone, according to CoinMarketCap. However, amidst this, Filecoin announced the launch of the first round of retroactive public goods funding, FIL-RetroPGF-1. 

If the bulls successfully halt any additional declines at the current support, the price can likely ascend and breach $10.6 within the next few weeks. A stronger bullish momentum may lead to FIL surging further to touch $26.5 by the end of the year. This particular resistance has not been surpassed since Q2 of 2022, indicating a significant psychological and technical barrier for the market.

However, it's crucial to balance this optimism with caution, especially since the market is currently bearish. A breach of the current support level might cause the price to revert to $4.3 within the next few weeks. If the bears continue to exert strong pressure, FIL will likely plummet further until it touches the lowest support at $ 3.1, or it may even reach its all-time low (ATL) value of $1.83 within the upcoming months. 

The long-term trajectory for the altcoin seems to be positive. Our AI/ML models have predicted that FIL will likely reach an average value of  $210.94 by 2028. Furthermore, if new developmental changes continue to arise, FIL may attract a new pool of investors. As a result, the token may also surge higher to touch $7428.28 by 2033.

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

• The Moving Average Convergence/Divergence (MACD) and its signal line remained predominantly below zero during the first half of the analysis. Notably, the MACD fell below the signal line twice, first between the end of May and July and then again from late August until the end of September. 
• Subsequently, the MACD began a consistent rise, even crossing the zero line by the end of November, with the signal line following suit by the end of December.
• In January, the MACD line converged toward the signal line but quickly resumed its upward trajectory. However, as April began, the MACD line fell below the signal line. By the conclusion of the analysis, the signal line stood at 0.836, the MACD line at 0.487, and the histogram at -0.350, indicating bearish momentum.
• A decline in trading volume was observed concurrent with the price’s downtrend. However, since October, a slight recovery in volume was noted, which intensified as the price began to establish new highs. This reflected growing investor interest and market activity. 
• The trading volume had waned slightly at press time, but it did not fall to its previous lows.
• The Bollinger Bands began to contract after the price dropped below the 20-week moving average (MA) in May. In June, the price candle breached the lower band and approached it again in mid-August. It suggested increased bearish sentiment during these periods.
• Towards the end of October, the price ascended above the 20 MA, marking a shift in momentum. This was accompanied by an expansion of the bands, with the price candles frequently crossing above the upper band between November and March. However, as April commenced, the price candles fell below the 20 MA line.
• The significant widening of the bands alongside the price fluctuations indicated heightened market volatility.