Filecoin Price Prediction: $30 Target After Multi-Year Breakout; Web3Bay Set to Disrupt E-commerce

Filecoin (CRYPTO: FIL) price prediction has traders eyeing a $30 target after breaking out of a multi-year pattern, fueled by rising liquidity.

What Happened: Filecoin price soared by nearly 30% over the past week as it broke out of a multi-year symmetrical triangle pattern, signaling a transition into bullish territory.

Over the past seven days, Filecoin price surged by 28.7%, with one mid-term price target being set at $30. The token began trading in the red on Monday, with a 2.2% loss, before recovering on Tuesday with a 6.2% gain. On Wednesday, FIL price surged by 11.2%, followed by another 6.2% gain on Thursday.

Filecoin price continued to rise on Friday, gaining 2.2%, before surging by 16.7% on Saturday and an additional 6.7% on Sunday.

Filecoin price is up by 10.3% over the past 24 hours and now trades at $22.83 at the time of writing.

A total of $1.19 billion in Filecoin was traded over the past 24 hours, indicating very high liquidity.

Filecoin price is now down by 6.3% year-to-date and trades below its all-time high of $231.84, which was reached in March 2022.

Filecoin price is up by 10.3% over the past 24 hours.

See More: Best Crypto Scanners

Filecoin price is now approaching a key resistance level at $24.27, with support at $19.87.

The relative strength index is indicating that Filecoin is heading toward overbought territory, with an RSI of 58.88.

A MACD line cross in the positive territory also signals bullish momentum.

Filecoin price is down by 0.8% over the past seven days.

Filecoin price is now approaching a key resistance level at $24.27, with support at $19.87.

The relative strength index is indicating that Filecoin is heading toward overbought territory, with an RSI of 58.88.

A MACD line cross in the positive territory also signals bullish momentum.

New Filecoin Addition: Filecoin price soared by nearly 30% over the past week as it broke out of a multi-year symmetrical triangle pattern, signaling a transition into bullish territory.

One of the key factors boosting this optimistic Filecoin price prediction includes the addition of the FIL/KRW trading pair on South Korea’s Bithumb exchange. This move enhances liquidity and accessibility for traders in South Korea, a country known for its enthusiasm toward cryptocurrencies.

The rising Total Value Locked (TVL) of $91.12 million in Filecoin and strong open interest are also helping position Filecoin for long-term growth.

Filecoin (CRYPTO: FIL) price soared by nearly 30% over the past week as it broke out of a multi-year symmetrical triangle pattern, signaling a transition into bullish territory.

One of the key factors boosting this optimistic Filecoin price prediction includes the addition of the FIL/KRW trading pair on South Korea’s Bithumb exchange. This move enhances liquidity and accessibility for traders in South Korea, a country known for its enthusiasm toward cryptocurrencies.

The rising Total Value Locked (TVL) of $91.12 million in Filecoin and strong open interest are also helping position Filecoin for long-term growth.

Web3Bay (3BAY) Set to Leave Traditional E-commerce In The Past. Web3Bay is on track to disrupt the e-commerce industry, merging blockchain technology with practical features prioritizing user security and cost efficiency. The platform’s presale has raised over $546,000, with 148 million tokens sold.

Positioned to reshape how users buy, trade, and sell digital assets, Web3Bay is gaining momentum as a decentralized e-commerce platform ready to capture a huge market share. But the big question is: Should platforms like Amazon (NASDAQ:AMZN) be scared?

Traditional e-commerce platforms have laid the groundwork for digital shopping, but Web3Bay introduces advancements that address key industry challenges. By eliminating high transaction fees and central intermediaries, the platform ensures secure, transparent, and affordable transactions.

Additionally, by bringing web3 into e-commerce, Web3Bay highlights its commitment to global accessibility, allowing users to transact without reliance on centralized systems.

Web3Bay’s roadmap extends beyond basic e-commerce solutions, with plans for an NFT marketplace and partnerships with DeFi platforms to offer staking, lending, and borrowing options. This comprehensive ecosystem is