{"id":575989,"date":"2024-02-20T20:00:27","date_gmt":"2024-02-20T20:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=575989"},"modified":"2024-02-20T12:22:02","modified_gmt":"2024-02-20T12:22:02","slug":"10x-filecoin-fil-to-70-ath","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/filecoin\/10x-filecoin-fil-to-70-ath\/","title":{"rendered":"Crypto Analyst Predicts 10X Move For Filecoin (FIL) To $70, But Can It Reach ATH?"},"content":{"rendered":"<p class=\"p2\">Over the last day, <a href=\"https:\/\/wncen.com\/news\/filecoin\/filecoin-fil-notches-10-gain-following-integration-with-solana\/\">Filecoin (FIL)<\/a> has seemingly emerged from the shadows to stage a price recovery of over 10%. This notable move has brought more attention to the altcoin, which had previously failed to follow the general crypto market recovery. On the back of this, one crypto analyst predicts big things for <a href=\"https:\/\/wncen.com\/news\/filecoin-uphill-battle-to-3-5-whats-holding-it-back\/\">the altcoin<\/a>, expecting a 1,000% increase in its price.<\/p>\n<h2 class=\"p2\">Filecoin Will See A 10X Rise To $70<\/h2>\n<p class=\"p2\">In the analysis that was shared on X (formerly Twitter), crypto analyst \u201cTony The Bull\u201d told his almost 20,000 followers that the Filecoin (FIL) price was gearing up for a massive recovery. The chart shared in the analysis tracks the movement of the coin over the last year, which saw it go from a low below $3 to over $.7, an almost 200% increase. Nevertheless, the crypto analyst believes there is more to come.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-open-interest-69000-ath\/\">Bitcoin Open Interest Reaches $69,000 ATH Levels, What This Means For Price<\/a><\/div>\n<p class=\"p2\">The prediction for the Filecoin price from the crypto analyst is that it will rally as high as $70. Now, given FIL\u2019s current trading value, this would mean a 1,000% increase or a 10X increase from here. The analyst seems to believe that the altcoin is entering into a price discovery phase, saying, \u201cI\u2019m gonna find out.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24FIL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$FIL<\/a> to minimum $70 for a 10x<\/p>\n<p>Back to ATH is +20x<\/p>\n<p>Price discovery = ?<\/p>\n<p>I\u2019m gonna find out <a href=\"https:\/\/t.co\/w2O5fgAzDi\" rel=\"nofollow\">pic.twitter.com\/w2O5fgAzDi<\/a><\/p>\n<p>\u2014 Tony &#8220;The Bull&#8221; (@tonythebullBTC) <a href=\"https:\/\/twitter.com\/tonythebullBTC\/status\/62266439?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 19, 2024<\/a><\/p><\/blockquote>\n<p class=\"p2\">Tony is not the crypto analyst that forecasts a bullish future for the <a href=\"https:\/\/wncen.com\/news\/filecoin-rocky-start-hits-protocol-with-slow-new-year-progress-heres-why\/\">Filecoin price<\/a> as analyst Ali Martinez also expects <a href=\"https:\/\/wncen.com\/news\/arthur-hayes-early-2024-crypto-bull-run-filecoin\/\">the altcoin<\/a> to do well. Martinez revealed that FIL is currently trading in a \u201cparallel channel on its 3-day chart\u201d which is usually bullish for price.<\/p>\n<p class=\"p2\">However, for the move to be confirmed, the crypto analyst explains that <a href=\"https:\/\/wncen.com\/news\/filecoin-uphill-battle-to-3-5-whats-holding-it-back\/\">the altcoin<\/a> must break the \u201cresistance posed by the channel&#8217;s upper boundary, set at $8.50.\u201d If this happens, then Martinez expects the price to rise as high as $25.5.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Filecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Filecoin<\/a> is trading within a parallel channel on its 3-day chart. Watch out for the resistance posed by the channel&#8217;s upper boundary, set at $8.50.<\/p>\n<p>A successful break through this barrier could significantly bolster <a href=\"https:\/\/twitter.com\/search?q=%24FIL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$FIL<\/a>&#8216;s price, potentially tripling its value to reach $25.5! <a href=\"https:\/\/t.co\/Tgg0rZfRrs\" rel=\"nofollow\">pic.twitter.com\/Tgg0rZfRrs<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/66617792?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 19, 2024<\/a><\/p><\/blockquote>\n<h2 class=\"p2\">Can FIL Reach A New All-Time High?<\/h2>\n<p class=\"p2\">In addition to his analysis, Tony The Bull also posits that Filecoin is only 20X away from its all-time high price of around $230, so it is possible that <a href=\"https:\/\/wncen.com\/news\/arthur-hayes-early-2024-crypto-bull-run-filecoin\/\">the altcoin<\/a> could see a run-up to this level. However, this was not well-received by community members, who countered that it would be impossible for <a href=\"https:\/\/wncen.com\/news\/arthur-hayes-early-2024-crypto-bull-run-filecoin\/\">FIL<\/a> to reach a new ATH due to its inflation over the last year.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-will-touch-100000\/\">Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here\u2019s When<\/a><\/div>\n<p class=\"p2\">FIL\u2019s circulating supply has risen drastically over the years, putting it way higher than what it was when it hit its all-time high back in 2021. Due to this, expectations that <a href=\"https:\/\/wncen.com\/news\/filecoin\/filecoin-fil-notches-10-gain-following-integration-with-solana\/\">the altcoin<\/a> could get back to this level are very low. \u201cWith its MASSIVE inflation over the last bear market, FIL will not be making a new ATH,\u201d one user <a href=\"https:\/\/x.com\/CPNasty_\/status\/12752863?s=20\" rel=\"nofollow\">said<\/a> in response to the crypto analyst.<\/p>\n<p class=\"p2\">Nevertheless, <a href=\"https:\/\/wncen.com\/news\/filecoin-rocky-start-hits-protocol-with-slow-new-year-progress-heres-why\/\">FIL<\/a> continues to show strength in the daily chart. Its price is up 16% in the last 24 hours and 40% in the last seven days, according to data from Coinmarketcap. It is trading at $7.68 at the time of this writing.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/oLGuxTeq\/\" alt=\"Filecoin (FIL) price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">FIL price rises over 10% in 24 hours | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">FILUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Coincodex, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the last day, Filecoin (FIL) has seemingly emerged from the shadows to stage a price recovery of over 10%. This notable move has brought more attention to the altcoin, which had previously failed to follow the general crypto market recovery. On the back of this, one crypto analyst predicts big things for the altcoin, expecting a 1,000% increase in its price. Filecoin Will See A 10X Rise To $70 In the analysis that was shared on X (formerly Twitter), crypto analyst \u201cTony The Bull\u201d told his almost 20,000 followers that the Filecoin (FIL) price was gearing up for a massive recovery. The chart shared in the analysis tracks the movement of the coin over the last year, which saw it go from a low below $3 to over $.7, an almost 200% increase. Nevertheless, the crypto analyst believes there is more to come. Related Reading: Bitcoin Open Interest Reaches $69,000 ATH Levels, What This Means For Price The prediction for the Filecoin price from the crypto analyst is that it will rally as high as $70. Now, given FIL\u2019s current trading value, this would mean a 1,000% increase or a 10X increase from here. The analyst seems to believe that the altcoin is entering into a price discovery phase, saying, \u201cI\u2019m gonna find out.\u201d $FIL to minimum $70 for a 10x Back to ATH is +20x Price discovery = ? I\u2019m gonna find out pic.twitter.com\/w2O5fgAzDi \u2014 Tony &#8220;The Bull&#8221; (@tonythebullBTC) February 19, 2024 Tony is not the crypto analyst that forecasts a bullish future for the Filecoin price as analyst Ali Martinez also expects the altcoin to do well. Martinez revealed that FIL is currently trading in a \u201cparallel channel on its 3-day chart\u201d which is usually bullish for price. However, for the move to be confirmed, the crypto analyst explains that the altcoin must break the \u201cresistance posed by the channel&#8217;s upper boundary, set at $8.50.\u201d If this happens, then Martinez expects the price to rise as high as $25.5. #Filecoin is trading within a parallel channel on its 3-day chart. Watch out for the resistance posed by the channel&#8217;s upper boundary, set at $8.50. A successful break through this barrier could significantly bolster $FIL&#8216;s price, potentially tripling its value to reach $25.5! pic.twitter.com\/Tgg0rZfRrs \u2014 Ali (@ali_charts) February 19, 2024 Can FIL Reach A New All-Time High? In addition to his analysis, Tony The Bull also posits that Filecoin is only 20X away from its all-time high price of around $230, so it is possible that the altcoin could see a run-up to this level. However, this was not well-received by community members, who countered that it would be impossible for FIL to reach a new ATH due to its inflation over the last year. Related Reading: Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here\u2019s When FIL\u2019s circulating supply has risen drastically over the years, putting it way higher than what it was when it hit its all-time high back in 2021. Due to this, expectations that the altcoin could get back to this level are very low. \u201cWith its MASSIVE inflation over the last bear market, FIL will not be making a new ATH,\u201d one user said in response to the crypto analyst. Nevertheless, FIL continues to show strength in the daily chart. Its price is up 16% in the last 24 hours and 40% in the last seven days, according to data from Coinmarketcap. It is trading at $7.68 at the time of this writing. FIL price rises over 10% in 24 hours | Source: FILUSD on Tradingview.com Featured image from Coincodex, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":576014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83442],"tags":[167,6664,26263,14690,83425,86603,91692,83424,91690,87862,91691,83426,83429],"class_list":["post-575989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-filecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-fil","tag-fil-price","tag-fil-price-prediction","tag-filecoin","tag-filecoin-news","tag-filecoin-price","tag-filecoin-price-prediction","tag-filusd","tag-filusdt"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Predicts 10X Move For Filecoin (FIL) To $70, But Can It Reach ATH?<\/title>\n<meta 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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