Filecoin Price Prediction: Is It Too Late to Buy FIL?

Filecoin (FIL) that powers Filecoin’s decentralized storage blockchain protocol, has been taking a breather recently after enjoying spectacular gains earlier this month. FIL/USD was last changing hands around $7.75, now over 18% down versus earlier monthly highs in the $9.50 area, though the crypto remains higher by close to 50% on the month. Here we’ll take a look at what experts say about the future Filecoin price prediction.

Filecoin’s aggressive rally this month comes after the layer-1 blockchain protocol’s developers announced the launch date of the Filecoin EVM. The upgrade, due on the 14^th of March, will bring smart-contract programmability to the Filecoin mainnet and should drive the protocol’s accelerated adoption.

What is Expected for Filecoin Next?

FIL/USD could easily fall back to the $7.0 level, given a lack of support in the interim to prevent further downside. Other support areas to watch out for include the November 2022 highs in the $6.50 area and the early February highs in the $5.80s.

Since FIL’s aggressive breakout earlier this month from a downtrend linking highs going all the way back to last October, the bulls will likely remain in control in the medium term. FIL/USD could easily bounce from any of the aforementioned support levels, with bulls targeting an eventual test of the August 2022 highs in the $11.40 area.

Filecoin Price Prediction | Experts Say

Popular crypto YouTuber Cilinix Crypto expects Filecoin to remain bullish in the lead-up to the launch of Filecoin EVM on the 14 March, noting that it could rebound and rally from $7.50.

Elsewhere, speaking with a longer timeframe in mind, popular crypto YouTuber VirtualBacon said that if the decentralized internet takes off, protocols like Filecoin will likely be a key player. However, while VirtualBacon said he is bullish on the claims that could boost Filecoin, he does not see it returning to its all-time high of $237 in 2021.

Read More:

Will Pi Network Ever Launch? What Stage is Pi Network Now?

Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?

Pi Coin Price Prediction: Will Pi Ever Be Worth Money?

Luna Classic Price Prediction: Will Luna Classic Reach $1?

How to Stake LUNC: Everything You Need to Know

Will Shibarium Burn Remove 111 Trillion SHIB Annually?

Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK

Hooked Protocol Price Prediction 2023, 2025, 2030

Gasoline Price Prediction 2023-2030: What Will It Be in Five Years?

HBAR Price Prediction 2025, 2030

ADA Cardano Price Prediction 2025, 2030

Core DAO Launch Date: What is Core DAO Mainnet? 

Moon Bitcoin Review – Your Best Chance to Get Free Bitcoins

Metamask Airdrop – To Get $MASK Token For Free?

Sofi Stock Price Prediction for 2023, 2025, 2030

Ethereum Price Prediction 2025-2030

How to Buy Bitcoin in 2023? 

Bitcoin Futures Trading for Beginners

BTCC Review 2023

BTCC Discount: To Earn 3,500 USDT Deposit Bonus

Avalanche (AVAX) Price Prediction 2022,2025,2030 – Is AVAX a Good Investment?

Chainlink (LINK) Price Prediction 2023, 2025, 2030 – Is LINK a Good Investment?

Dogecoin (DOGE) Price Prediction 2023, 2025, 2030 – Will DOGE Explode in 2023? 

Bitcoin (BTC) Price Prediction 2023, 2025, 2030 – Is BTC a Good Investment?

Litecoin Price Prediction 2023, 2025, 2030: Is Litecoin a Good Investment?

Dash Price Prediction 2023, 2025, 2030: Is DASH a Good Investment?

GMT Price Prediction 2023, 2025, 2030: Is GMT Coin a Good Investment? 

Bitcoin Cash Price Prediction 2023, 2025 and 2030: Is Bitcoin Cash a Good Buy? 

Yearn.Finance (YFI) Price Prediction 2023, 2025, 2030 – Is YFI a Good Investment 

Bitcoin SV Price Prediction 2023, 2025, 2030: Is Bitcoin SV a Good Investment? 

Tron (TRX) Price Prediction 2023, 2025, 2030 — Will Tron Hit $1? 

Gala (GALA) Price Prediction 2023, 2025, 2030 — Is GALA a Good Investment? 

Blur Price Prediction 2023, 2025, 2030: Is Blur Crypto a Good Investment? 

Fantom (FTM) Price Prediction 2023, 2025, 2030—Is FTM a Good Investment?

Polkadot (DOT) Price Prediction 2025 – 2030: Is Polkadot a Good Investment?

Aptos (APT) Price Prediction 2023, 2025, 2030- Will APT Go Up? 

Bitcoin SV Price Prediction 2023, 2025, 2030: Is Bitcoin SV a Good Investment? 

Aptos (APT) Price Prediction 2023, 2025, 2030- Will APT Go Up?