FIL coin price shows a short consolidation phase near the $25 mark after a price jump from the $18 support level. Will buyers continue the uptrend to $30?

Key technical points:
<ul>
 	<li style="font-weight: 400">FIL prices have increased by 11.40% in the past 24 hours.</li>
 	<li style="font-weight: 400">In addition, the 100-day EMA struggles to keep the bullish growth in check.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Ripple is $850 Million, marking a 14.60% rise.</li>
</ul>
<h2>Past Performance of FIL</h2>
FIL coin price action shows a remarkable surge in buying pressure near the$18 support level resulting in a 45% price jump within 72 hours. However, the result struggled to surpass the 100-day EMA, resulting in the ongoing consolidation near $25. However, the recent lower price rejection of long-tail candle formation teases a bull run shortly.

<img src="https://s3.tradingview.com/snapshots/2/2vpq4spT.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/2vpq4spT/">Tradingview</a>
<h2>FIL Technical Analysis </h2>
FIL coin price action shows an upside move of 11.40% in the past 24 hours that undermined the previous bearish engulfing candlestick. Moreover, the recovering sentiment of the crypto market projects a potential bull run.

The crucial daily EMAs (50, 100, and 200-days) maintain a  bearish alignment with the 100-day EMA providing resistance to bullish growth. However, the bullish consolidation breakout will result in a surge to the 200-day EMA.

RSI Indicator: The RSI slope shows a rounding reversal from the overbought territory due to the high selling activity near $26. Nonetheless, the RSI lines spike to regain the overbought title and reflect a bullish fightback.

MACD Indicator: The MACD and signal lines show a diagonally flattish trend after the recent sellout. However, the lines maintain a significant bullish spread to avoid a bearish crossover. 

In a nutshell, the FIL technical analysis projects a high likelihood of a bullish continuation to the $30 mark.
<h2>Upcoming Trend </h2>
The FIL coin price shows a bullish reversal with promising follow-through that may surpass the 100-day EMA shortly. Hence, traders can experience a bull run to the $30 mark briefly.

However, a fallout below the $24 mark will result in a free fall to the $50-day EMA.

Support Levels: $24 and $20

Resistance Levels: $26 and $30

FIL Technical Analysis: Buying Spree Consolidates Before Reaching $30

FIL coin price shows a short consolidation phase near the $25 mark after a price jump from the $18 support level. Will buyers continue the uptrend to $30?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

FIL Technical Analysis: Buying Spree Consolidates Before Reaching $30

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