Crypto analyst David predicts a rally of around 35 percent for FIL. The analyst also says that LAI price is poised for a 55 percent move. We have compiled the analyst’s predictions regarding these 2 altcoin projects for our readers.
FIL price prediction: Altcoin took 35% position
The price of Filecoin (FIL) has fallen after reaching a yearly high of $8.1 in the first week of 2024. This move brought the price back to the previous horizontal resistance zone at $4.6. During the week of January 22-28, 2024, FIL price bounced back from this zone. Also, in this process, a bullish Pinbar candle (green arrow) was formed. This is a positive signal as it indicates that the bulls are buying on a return to the breakout level. This bullish signal was reinforced when FIL formed a bullish engulfing pattern in the previous week (green ellipse).
Meanwhile, the weekly RSI in FIL price has risen from the 50 levels, creating a bullish divergence. Thus, it generally led to the continuation of the bull trend. Therefore, it is possible for the altcoin price to rise to the annual resistance high of $8.1 in the near future. This represents an increase of 35.53% from the current price.
The most likely outlook shows that the FIL price will continue to rise in the near future. The nearest target is $6.5. Additionally, the altcoin price has the potential to rise higher to $8.1. The bullish perspective will be invalidated if FIL price falls below the $5.3 support zone on the daily time frame.
LAI price forecast: Over 50% growth possible by the end of February!
LayerAI (LAI) price has been declining since reaching a yearly high of $0.022 during the week of December 11-17, 2023. This move brought the price into a key support zone at $0.009 (green arrow), where it has found support for the last 8 months. After consolidating in this support zone for several weeks, the altcoin price rose sharply this week. Thus, it entered the process of forming a large bullish candlestick
Meanwhile, the weekly RSI for LAI is back above the 50 level and is showing a bullish trend. This is a sign that the bulls are in control. If the price continues to rise, it could potentially rise 55.37% to a yearly high of $0.022.
The most likely scenario shows that the LAI price will continue to rise in the near future. The nearest target for the altcoin is $0.017. Besides, there is also the potential for LAI to rise to $0.022. The bullish view will be invalidated if LAI price falls below the $0.009 support zone on the daily time frame.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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