Filecoin Price Analysis: FIL sets a higher low at $80, ready to rally over the weekend?

TL;DR Breakdown Filecoin price analysis is bullish for today.FIL/USD saw a quick retracement to $80 today.Filecoin rejects further downside, indicating an upcoming reversal. Filecoin price analysis is bullish for today as the market has retraced and found support around $80 today. Since further downside currently gets rejected, we assume FIL/USD will move higher over the weekend and look to break above the $94 current high. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours. Bitcoin has lost 3.32 percent, while Ethereum has lost 6.39 percent. Meanwhile, Solana (SOL) is among the worst performers, with a loss of 12.57 percent. Filecoin price movement in the last 24 hours: Filecoin retraces to set a higher low FIL/USD traded in a range of $79.13 – $91.93, indicating strong volatility over the last 24 hours. Trading volume has decreased by 37.23 percent and totals $1.8 billion, while the total market cap stands around $8.47 billion, ranking the coin in 23rd place overall. FIL/USD 4-hour chart: FIL set to move higher over the weekend? On the 4-hour chart, the Filecoin price rejects further downside, indicating an upcoming reversal. FIL/USD 4-hour chart. Source: TradingView Filecoin price action has seen substantial volatility over the past week. After a strong rally in the beginning of September from the $70 support, FIL/USD eventually peaked below $120. From the ...