{"id":575989,"date":"2024-02-20T20:00:27","date_gmt":"2024-02-20T20:00:27","guid":{"rendered":"https:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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:\/\/uniquehot.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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