Filecoin,Chainlink,Show,Historical,Bullish,Signals,Despite,Recent,Losses

Generated by AI AgentCoin World
Wednesday, Apr 9, 2025 3:05 pm ET1min read
FIL
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LINK
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Filecoin (FIL) and Chainlink (LINK) have recently exhibited historical bullish signals, sparking speculation that they may be approaching the final accumulation stage before a potential price surge.

Filecoin has experienced a notable downturn, losing approximately 18% in the last month and 35% over the past six months. A significant weekly drop of nearly 20% has highlighted a continued decline in market strength, leading to growing caution among traders. The coin currently trades between $2.29 and $3.44, with support at $1.79 and resistance around $4.10. Bears dominate the market, as indicators reflect negative momentum alongside an oversold RSI. There is no strong trend at the moment, prompting traders to consider buying near support while employing tight stops and monitoring for potential breakouts above resistance.

Chainlink, on the other hand, has traded in a band between $11.04 and $16.82, suffering a 20.87% drop over the past month and barely managing a 3.68% gain over the last six months. Weekly losses reached 22.09%, and metrics like a -2.471 Momentum and an RSI at 31.011 reveal ongoing bearish pressure. Price movements have demonstrated negative momentum, even as the token shows slight resilience over longer periods, reflecting a market that’s been testing its limits amid frequent volatility. Trading currently focuses on immediate support at $8.57 and resistance at $20.14, with a second resistance at $25.92 and backup support at $2.79. Bears dominate the market, with no strong trend evident. Short-term strategies may involve buying near support for a potential bounce or waiting for a breakout above $20.14 before making any commitments.

Both FIL and LINK show signs similar to past bullish trends. This suggests a potential for growth soon. Historical patterns hint that these assets may be nearing their final buying phase before significant price rises. Investors monitoring these signals could see strong returns if the trends hold true.