Filecoin price prediction: Will selling pressure break $0.85 support? FIL tumbles 9.62%

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Filecoin drops 9.62% to $0.94 today

Highlights

Filecoin recorded a trading volume of $314.6 million, indicating heightened activity as users increasingly utilized FIL for decentralized storage deals on the network.
The upcoming network shift for Filecoin has attracted industry attention, yet FIL price remains under broad selling pressure despite increased user activity.
FIL trades at $0.94, below the MA-20 ($0.9498) and showing strong bearish momentum, with a 5-day range expected between $0.85–$1.05 and odds favoring further downside.

Trading activity climbs amid network anticipation and industry comparisons

Filecoin recorded trading volume of $314.6 million, reflecting increased activity as users continued to create storage deals using FIL as payment for decentralized storage on the network. The network's decentralized storage model remained a focal point in industry comparisons. The rise in transaction activity was accompanied by increased attention on Filecoin's upcoming network shift, though price action has remained under broader selling pressure.

Bearish momentum firms despite mixed oscillator signals and intraday volatility

Momentum indicators show a strong bearish tilt, as both the MACD ("Strong Sell") and ADX ("Sell," with a value near 29) point to a strengthening downtrend. The RSI (48.4) suggests a move toward neutral but slightly favoring the bears, while the Stochastic RSI indicates "Strong Sell" and the Commodity Channel Index flags "Overbought," signaling potential continued selling pressure but also some mixed signals in oscillator readings. Bull/Bear Power confirms sellers dominate, and the Awesome Oscillator remains neutral, not reinforcing the prevailing trend. The session opened with a modest gap down (from $1.04 to $0.993), and the price now sits close to today's intraday low ($0.948–$0.9939), reflecting high volatility and sustained pressure after the open; momentum and price action are thus aligned in a bearish direction, but the presence of overbought signals introduces a note of divergence.

Sideways consolidation favored as downside risk outweighs reversal prospects

Looking ahead, the expected trading range for the next five days is adjusted to $0.85–$1.05 to reflect typical volatility and keep levels in line with the current price. The probability of a price decrease is very high (more than 80%), while the likelihood of a sustained rise remains very low. The baseline scenario is for FIL to consolidate sideways between $0.85 and $1.05. A bullish reversal would require a close above the Kijun resistance at $0.944, potentially testing $1.05, while a drop below $0.85 could lead to new short-term lows.

Anton Kharitonov, expert at Traders Union, sees Filecoin in a persistent technical downtrend with little prospect of immediate recovery. He notes strong selling momentum across multiple indicators, with price action confirming sustained bearish pressure. Despite increased network activity and anticipation of protocol changes, market sentiment stays negative. "The base case remains sideways to lower unless $0.944 is reclaimed — until then, I remain firmly defensive on FIL."

Previously it was reported that Filecoin is exhibiting short-term bullish momentum trading above its 20-day moving average, while remaining below key medium- and long-term moving averages, amid mixed momentum indicators and overbought signals that suggest elevated correction risk. Despite positive sentiment from open interest and ecosystem upgrades, Filecoin faces firm resistance at higher levels and is expected to remain rangebound in the near term unless it decisively breaks above key resistance thresholds.

Source of Data: FIL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.