Filecoin: Investisseuren sollten dës Metriken berücksichtegen ier Dir en Uruff op FIL ​​maachen

• Filecoin’s RSI was in an overbought position, but a few indicators were bullish. 
• FIL’s on-chain metrics also told an ambiguous story. 

On 17 January, Messari weisen datt Filecoin [FIL] had become the cheapest decentralized storage network. To be precise, it was 99% cheaper than Amazon at press time. Not only this, but Filecoin’s weekly chart was bullish as it registered massive gains.

Decentralized storage networks range from 70% (@Storj) op 99% (@Filecoin) cheaper than @Amazon S3 🤯 pic.twitter.com/htg9JTyAzj

- Messari (@MessariCrypto) Januar 17, 2023

Weiderliesen Filecoin [FIL] Präis Prognose 2023-24

Entspriechend zu CoinMarketCap, FIL’s price increased by 26% in the last seven days, and was priced at $4.72 with a market capitalization of over $1.69 billion at press time. However, things might change soon as CryptoQuant’s Donnéeën pointed to a major bearish signal that had the potential to halt FIL’s bull rally. 

Is a price plummet inevitable? 

Filecoin’s market indicators told an ambiguous story, as some of them were bearish while others suggested the possibility of a continued uptrend in the coming days. For instance, the Exponential Moving Average (EMA) Ribbon displayed a bullish crossover as the 20-day EMA flipped the 55-day EMA.

The MACD’s reading complemented that of the EMA Ribbon, revealing a bullish advantage in the market. Another bullish signal was FIL’s Chaikin Money Flow, which registered an uptick. However, the Money Flow Index (MFI) was in the overbought zone, which might be troublesome. 

Quell: TradingView

Wéi vill sinn 1,10,100 FILs Wäert haut?

Vorsicht gëtt ugeroden 

Like the market indicators, on-chain metrics also suggested that FIL’s price might head in any direction over the days to follow. Positive sentiments regarding FIL went down slightly over the last week, which was not a good signal. FIL’s volume also declined in the last few days, yet another negative sign.

The optimistic part was that FIL’s development activity increased. Moreover, FIL’s Binance Funding Rate spiked lately, reflecting its demand in the derivatives market. At press time, FIL’s social volume remained consistent, showing that the token remained a topic of discussion within the crypto community. 

Quell: Santiment