Filecoin price analysis: FIL/USD targets last week’s resistance at $86

TL;DR Breakdown Filecoin price analysis is bullish for today.FIL/USD made another spike lower overnight.Filecoin is currently trading at $74.5. Filecoin price analysis: General price overview On the previous day, Filecoin moved in a favorable direction on the price analysis chart. However, this bullish trend was halted by intense selling pressure when the daily price analysis chart debuted, causing prices to plummet dramatically to the lowest point on the daily price analysis chart at $73. The bears were in control at the time, and their target was to break below $70. It looked like a long-term bearish trend might resume after the bulls seemed to be on the drawing board strategizing a possible attack that would reverse the current negative momentum. The bulls congregated in large numbers and amassed enough power to establish solid support that reversed the bearish trend, causing the FIL/USD to surge. Most parts of the daily cryptocurrency heat heatmap parts are greenish, meaning the bulls dominate the market and are set to push the prices to where they were before the current dip. Source: Coin360 The overall cryptocurrency market is optimistic, as shown by the heat map. BTC, the most well-known digital currency, has risen by 4% and is trading with few dollars below $45K, whereas the second-largest digital asset has recorded a 8% price surge and is currently trading at $3.1K.With the market continuing to strengthen, there are...