Cryptocurrency Filecoin Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) has seen a price increase of 4.06% in the last 24 hours to $6.0, despite a 32.0% decrease over the past week from $8.71. The coin's all-time high is $236.84. Trading volume rose by 6.0% over the week, and the circulating supply increased by 0.97% to 539.09 million, 27.5% of its max supply. Filecoin's market cap ranks #33 at $3.22 billion.
April 16, 2024 | 7:02 pm
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Filecoin (FIL) experienced a 4.06% price increase to $6.0 in the last 24 hours, countering a weekly 32% decline. The trading volume and circulating supply have also seen increases.
The short-term price increase of Filecoin (FIL) to $6.0, despite a significant weekly loss, indicates a potential rebound or market correction. The increase in trading volume suggests growing investor interest, which could further support the price in the short term. However, the recent volatility highlighted by the Bollinger Bands and the significant drop from its all-time high suggest that investors should remain cautious.
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