{"id":24581,"date":"2023-11-17T18:00:02","date_gmt":"2023-11-17T18:00:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fil-dips-8-as-bitcoin-struggles\/"},"modified":"2023-11-17T18:00:02","modified_gmt":"2023-11-17T18:00:02","slug":"fil-dips-8-as-bitcoin-struggles","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fil-dips-8-as-bitcoin-struggles\/","title":{"rendered":"FIL dips 8% as Bitcoin struggles"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676665953261-5bb16c37-f44a-449d-aa3a-9057b05bc963-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676665953261-5bb16c37-f44a-449d-aa3a-9057b05bc963-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676665953261-5bb16c37-f44a-449d-aa3a-9057b05bc963-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676665953261-5bb16c37-f44a-449d-aa3a-9057b05bc963-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Filecoin (FIL) risks deeper pullback as price retreats to key level.<\/li>\n<li dir=\"ltr\">FIL traded near $4.6 on Friday afternoon, about 8% down in the past 24 hours.<\/li>\n<li dir=\"ltr\">If prices fall further, bulls could rely on primary support near $3.1 to $2.7<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/filecoin\/\">Filecoin (FIL)<\/a> price is likely to retreat below a critical support level after the altcoin\u2019s performance mirrored the struggles seen in the Bitcoin (BTC) market in the past 24 hours. Filecoin price was changing hands around $4.6, down roughly 8%.<\/p>\n<h2 dir=\"ltr\">FIL price outlook \u2013 will bulls hold onto gains?<\/h2>\n<p dir=\"ltr\">While bulls could rebound off the $4.2 price level, the technical outlook presents a potential dip to lower buffer areas.<\/p>\n<p dir=\"ltr\">The 8% decline in FIL value the past 24 hours adds to this observation, particularly if Bitcoin, Ethereum and other top alts fail to find a bounce to stem current bleeding.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/10\/17\/1700241666186-b103456c-7ab2-4ef4-9974-b8453b2ef9e8.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"260\"\/><span class=\"fr-inner\">Filecoin price chart. Source: <a href=\"https:\/\/www.tradingview.com\/x\/HbKoClm3\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">The technical view presents a picture of uncertainty after bulls got rejected at $5.6 and then gave up $4.7.\u00a0<\/p>\n<p class=\"fr-img-space-wrap2\">We can see both the daily RSI and MACD indicators are signalling weakness, with the RSI indicator above 50 but downsloping. The MACD indicator suggests a bearish flip.<\/p>\n<\/div>\n<p dir=\"ltr\">In terms of a bearish outlook, <a href=\"https:\/\/coinjournal.net\/news\/tag\/filecoin\/\">Filecoin<\/a> risks falling to the $3.9 support line, with extended downward pressure here likely to push FIL\/USD to the critical demand reload zone between $3.1 and $2.7.<\/p>\n<p dir=\"ltr\">However, the 19% decrease in daily trading volume points to a potential flip in sell pressure. \u00a0As such, the opposite setup could see FIL rebound off the $4.2-$4.4 area to reclaim $5.0 as support.<\/p>\n<p dir=\"ltr\">If this happens, a move to the recent six-month peak above $5.6 could allow bulls to attack $6.5. The short term picture could pave way for more bullish movements should the broader market provide favourable conditions.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/filecoin-fil-retreats-to-key-level-as-bitcoin-struggles-near-36k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Filecoin (FIL) risks deeper pullback as price retreats to key level. FIL traded near $4.6 on Friday afternoon, about 8% down in the past 24 hours. If prices fall further, bulls could rely on primary support near $3.1 to $2.7 Filecoin (FIL) price [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24581"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24581"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24582"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}