#FIL/USDT Technical Analysis:
Currently, $FIL is trading at $6.10, which is a significant -97.65% down from its all-time high.
The cryptocurrency has gone down -99% from its peak but has recovered well in the past three months, rising up to 300%.
It is still 122% up from its recent low in December.
At present, the market is in an uptrend, but a significant upward rally is expected only after some more retracement.
It is possible that the price could drop by another 20% from its current level before an upward trend begins.
The best entry point for investors would be at the support level area.
For the cryptocurrency $FILUSDT to be fully in bullish mode, it needs to break upward the resistance level at $9.
Once this happens, the price could reach the target of $26 in the next bull market. It is possible that the price may go higher, but a minimum target of $26 seems reasonable.
Investors should keep an eye on the support level at $4.80 and the resistance levels at $8.95 and $26.10.
If you find this analysis helpful, please like and appreciate it.
Follow me for more real-time updates on cryptocurrencies.
Thank you.
Follow Me on:-
Twitter:- https://twitter.com/CryptoPatel
Telegram :- https://t.me/OfficialCryptoPatel
Binance FEED:- https://www.binance.com/en/feed/profile/35768258
TradingView:- https://www.tradingview.com/u/CryptoPatel/