Filecoin Price Prediction: Will FIL Price Surge 100% in March?

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Rising the ranks to enter the Top20 cryptocurrency list, Filecoin, with a $5.274 Billion market cap, stands as the 22nd biggest crypto in the industry. With the recent rise in bullish momentum, the turnaround story in the FIL price trend comes with a huge forward potential.

With buyers reclaiming the psychological mark of $10, Filecoin is heading straight on the bullish path. As the bull run continues, how high will the FIL price go? Read our FIL price prediction NOW to find out. 

Filecoin Buyers Ignite Trend Reversal 

Source: Tradingview

With the recent rounding bottom reversal, the FIL price concludes the long-term sideways trend during the crypto winter. As the entire market warms up, the start of the upcoming altcoin season ignites a reversal rally in Filecoin. 

Currently, the FIL price trades at $10.11 as it surpasses the 23.60% Fibonacci level and makes a peak at $10.90. Further, the intraday drop of 3.76% comes as a retest of the broken $10 psychological zone and aims for a stronger comeback.

Hence, the weekly chart of Filecoin presents a trend reversal picture with a magnificent bullish comeback story.

Technical Indicators:

RSI: With the price jump, the daily RSI line spikes into the overbought boundary reflecting a significant rise in underlying demand.

Will FIL Price Reach $20?

With a consistent 29% growth for the past two weeks, the streak of bullish engulfing candles in the weekly chart continues. Further, the 71% rise in trading volume supporting the bull run hints at a trend continuation. 

Optimistically, the FIL price could reach the 78.60% Fibonacci level at the $20 mark, with a potential 100% jump. On the flip side, a retest of the 23.60% fib level is possible.