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By successfully breaking below the lower line of the Rising Wedge channel of the Filecoin cryptocurrency on its 4-hour chart and its price movement is now stuck at the EMA (21) which also has a downward slope, then based on all of these, in the near future, as long as there is no significant strengthening again for Filecoin, especially if it breaks through and closes above the 3.202 level, it has the potential to weaken down to test the 2.999 level. If this level is successfully broken and closes below it, Filecoin will continue to weaken to the 2.944 level and if the momentum of the weakening and its volatility support it, 2.874 will be the next target to be aimed for.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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