Filecoin (FIL) Price Jumps 16% Amid Sushi DEX Integration, What’s Next?

FIL, the native cryptocurrency of the decentralized storage platform Filecoin, is making big moves gaining 16% in the last 24 hours and shooting all the way to $5.5 levels. Amid the current rally, FIL has extended its weekly gains by more than 32% and monthly gains by close to 70%.
FIL Price Rally
Popular trader Naemrr explains that the FIL price rally is likely to continue further after the recent technical breakout. $FIL has recently surpassed the golden pocket level in our weekly Fibonacci analysis. The golden pocket, a vital Fibonacci retracement zone, signifies a significant shift in price action. This breakthrough is an encouraging indicator, prompting caution as we anticipate the possibility of substantial price surges beyond this level, he noted.
It is very likely that this FIL price rally can continue all the way up to $10 going ahead.
Decentralized Exchange Sushi Launches on Filecoin
Another major reason supporting this FIL price action is the launch of decentralized exchange (DEX) Sushi on the Filecoin blockchain.
The post Filecoin (FIL) Price Jumps 16% Amid Sushi DEX Integration, What’s Next? appeared first on CoinGape.
Filecoin (FIL) Price Jumps 16% Amid Sushi DEX Integration, What’s Next?

FIL, the native cryptocurrency of the decentralized storage platform Filecoin, is making big moves gaining 16% in the last 24 hours and shooting all the way to $5.5 levels. Amid the current rally, FIL has extended its weekly gains by more than 32% and monthly gains by close to 70%.
FIL Price Rally
Popular trader Naemrr explains that the FIL price rally is likely to continue further after the recent technical breakout. $FIL has recently surpassed the golden pocket level in our weekly Fibonacci analysis. The golden pocket, a vital Fibonacci retracement zone, signifies a significant shift in price action. This breakthrough is an encouraging indicator, prompting caution as we anticipate the possibility of substantial price surges beyond this level, he noted.
It is very likely that this FIL price rally can continue all the way up to $10 going ahead.
Decentralized Exchange Sushi Launches on Filecoin
Another major reason supporting this FIL price action is the launch of decentralized exchange (DEX) Sushi on the Filecoin blockchain.
The post Filecoin (FIL) Price Jumps 16% Amid Sushi DEX Integration, What’s Next? appeared first on CoinGape.