en.bitcoinsistemi.com
While the new year that started in China triggered the rise in some altcoins, these altcoins include VeChain (VET) and Filecoin ($FIL).
At this point, Filecoin, which has risen by over 50% since the beginning of February, may be experiencing further rise potential.
Successful analyst Ali Martinez, who examined the $FIL chart, stated that he expected an increase.
Pointing out that there is a significant resistance in front of $FIL, the analyst said that this resistance level is $ 8.5.
“Filecoin is trading in a parallel channel on its 3-day chart. Note the resistance formed by the upper limit of the channel set at $8.50.
A successful breach of this $8.5 barrier could significantly support the price of $FIL and potentially triple its value, allowing $FIL to reach $25.5!”
$FIL reaching the $25 target means an increase in price of more than 200%.
According to the analyst, $FIL, which has increased by 15% in the last 24 hours, continues to be traded at $ 7.69 at the time of writing.
#Filecoin is trading within a parallel channel on its 3-day chart. Watch out for the resistance posed by the channel's upper boundary, set at $8.50.
A successful break through this barrier could significantly bolster $FIL's price, potentially tripling its value to reach $25.5! pic.twitter.com/Tgg0rZfRrs
— Ali (@ali_charts) February 19, 2024
*This is not investment advice.