Filecoin Price Prediction: 2024, 2025, 2030

FIL price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, $3.1 was the lowest price floor.
• Meanwhile, $10.8 served as the highest resistance level.

2. Market sentiment

• The market remains bearish on FIL in June 2024.

3. Predictive forecasts

• Based on projections from our AI/ML predictive algorithms, the average price of FIL will reach $160 in 2028 and increase to $1,300 by 2031.

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: Bears erase all Q4 2023 gains

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 period began with a pronounced downturn, which drove the price to its lowest support within the analyzed time frame, $3.1, in June. The bulls' mid-month attempts to rally resulted in the price reclaiming $4.0 by month’s end. However, a lack of sustained buying pressure compromised this position, precipitating another drop to the lowest floor by mid-August. 

Despite these challenges, the bulls effectively defended this level, preventing further losses. In mid-October, a resurgence of bullish momentum decisively elevated the price over this level in early November. Concurrently, FIL challenged $5.2. Despite a slight retreat, mid-December witnessed a move above this threshold.

By the end of the month, the asset had slightly surpassed $6.5. Notwithstanding, the new year began on a grim note as bears clawed the price below $5.2. A subsequent bull run in February allowed the asset to overcome previous barriers. Consequently, FIL was testing its peak resistance at $10.8 as the month ended.
 

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 $5.2 in early April. Until mid-June, the price oscillated between this level while repetitively testing $6.5.
 

Nonetheless, after $5.2 turned to resistance, FIL found new support at $4.0. As the analysis ended, it traded at $4.5. Going forward, a possible increase in selling pressure could cause the price to revert to the lowest floor.
 

If the bulls successfully halt any additional declines, the price could ascend and breach $6.5, turning the trend in their favor. Meanwhile, the peak resistance has not been overcome since Q2 2022, indicating a significant psychological and technical barrier for the market.
 

Upon breaching the mentioned resistance, the price of the altcoin could target higher levels at $17, $22, and $26. These targets are contingent upon the market sustaining its bullish momentum.
 

This trajectory aligns with the model's forecasts, which suggest the possibility of the price surpassing the $100 threshold by 2028, with an average trading price of around $160. Moreover, the projection places the price within proximity to its historical peak. The bullish outlook extends into 2031, where a substantial value appreciation is anticipated, bringing the average trading price to approximately $1,300. 

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 former positioned below. It moved over the signal line between mid-July and mid-August. Notably, it retook a dominant position in early 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, taking the signal line along. 
• This culminated in a bearish crossover in mid-April, with the MACD line turning negative by mid-June. The latest recorded values showed the signal line at 0.076, the MACD line at -0.316, and the histogram at -0.392, highlighting a strengthening downtrend.
• The trading volume recovered from its lackluster state in October. This recovery was bolstered in December and February as the price established new highs. As the investors withdrew due to falling prices, the volume also receded.
• The Bollinger Bands began to contract as the downtrend progressed, 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 of the bands. Yet, the price returned to a submissive position by April, with the bands remaining far apart. This indicated heightened market volatility and selling pressure.