Your attention is the longest trading history of the FIL cryptocurrency that we managed to find on tradingview.
On the weekly timeframe, it is perfectly visible that the price of FIL is technically moving between strong Fibonacci levels.
Now the consolidation is tight, which indicates the beginning of a strong movement. And accordingly, soon we will see one of two scenarios working out:
- Working out of the double bottom and a long rise to $11 and $15. The global target of working out this FIL pattern = $26
- If the entire crypto market continues to fall and renews the lows of recent years, then the price of Filecoin can easily fall to the range of $2.84-$3.34
Cryptocurrency DYDX – growth to $7 is a very real scenario
The DYDX cryptocurrency is starting to show signs of a change of initiative. Buyers are trying to push the price of DYDX off the bottom.
The downtrend has been going on for exactly one year, at the beginning of last October, a price high was set in the area of $28 for DYDX. The low was $1 in June 2022.
At the moment, the medium-term target for the growth of the DYDX cryptocurrency is seen in the range of $6-7
But before that, DYDX buyers need to break the red trend line and fix the price above $1.70
The next major milestone for DYDX buyers and enthusiasts is to break and consolidate above $3. It will be difficult and at the same time very important, because it was the $3 mark that was the initial starting point of DYDX trading. This is a kind of limit of a psychological breakdown and belief that the price can rise again in the future.
Only after fulfilling these two conditions, it will be easier and more encouraging to think and believe in the growth to $6-7 for DYDX.