$9.13
$-0.28 (-3.02%)
End-of-day quote: 2022-10-17
FIL/USD

Is Filecoin on the rise?

Yes, November 8, 2021 has been on a long-term upswing since Filecoin, gaining 91.28 percent. The 200-day trendline is currently 24.87 percent away from the current price, -27.3 percent from the 100-day line, and -37.42 percent from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Filecoin price prediction for 2023

To get a more accurate idea of what might happen next year, let's take a closer look at the one-year forecast.

There was quite a range of predictions from different analysts about where the price of Filecoin would be in 12 months' time. The most optimistic said it could reach $10.54, while the most pessimistic said it could drop to $7.99.

However, the most recent average price target for the next year is $9.11, which is the most significant.

This means there is a possibility of Filecoin losing -0.21 percent of its value in 2023.

FIL - Relative Strength Forecast

Filecoin broke through the 25 strength line from above on 2022-09-01 and then changed into a weak trend, which thereby generated sell signals that lasted one month. Mid Oct 2022 we see how the relative strength rises from below 25 to above 25. Thus, Filecoin has been in a buy signal since 2022-10-20.

FIL - Trend Prediction

FIL - Price Volatility Prediction

From 09/13/2022 we see a strong Filecoin above the moving average causing rising prices of Filecoin. From late Sep 2022 we then see a strong Filecoin, which then triggers a buy signal.

FIL - Relative Strength

From 08/12/2022 to 08/13/2022 Filecoin was so overbought that this led to a reversal trend. Mid Oct 2022 we then see Filecoin developing more and more weakness, which is a sell signal.

FIL - Momentum Forecast

Mid Oct 2022 Filecoin left the oversold zone to the upside, which led to a short-term _-val__ change in trend. In October we then see weak volatility for Filecoin for a longer period of time which led to negative signals for Filecoin.

What Will Happen to Filecoin in 2025-2030?

The long-term prospects for Filecoin appear to be very good. According to the predictions of 2 different analysts, the value of Filecoin is expected to reach $9.07 by March 2025. Furthermore, their five-year forecast predicts that Filecoin will be worth $9.03 by 2027. Finally, by 2030, the long-term projection is that Filecoin will have a value of $8.98.