Analytics and overview of Filecoin (FIL)
Overview of Filecoin (FIL)
Filecoin is a token of a decentralized data storage network developed by Protocol Labs. The platform allows users to rent spare disk space and earn FIL for it, providing an alternative to centralized cloud services like AWS. Filecoin uses Proof-of-Replication and Proof-of-Spacetime consensus mechanisms for reliable data storage.
- Price (June 7, 2025): ~$2.73–$3.08 (according to CoinMarketCap and TradingView).
- Market capitalization: ~$1.5–$1.7 billion (23rd–30th place among cryptocurrencies).
- Trading volume (24h): ~$95–$150 million, which is below the peak values of May 2025.
- News:
- Launch of FilOz — a team to improve the protocol and network.
- Integration with smold.app to support mass payments via FVM.
- Partnerships with Anchorage and Tokensoft for Wrapped Filecoin (wFIL) on Ethereum.
- Focus on DataDAOs (Lagrange DAO, GlacierDAO) for data management.
Technical analysis
- Current situation: The price of FIL has been in a downtrend since 2021 (ATH $237.24). After peaking at $6.58 in April 2024, the price corrected to $2.73–$3.08. A descending triangle is visible on the daily chart, but support at $2.60–$3.00 holds the price.
- Key levels:
- Support: $2.60 (lower limit of the range), then $2.25 on break.
- Resistance: $3.50, then $4.04.
- Indicators:
- RSI (daily): ~45.87 (neutral zone, no overbought/oversold).
- MACD: Approaching the neutral zone, a bullish signal possible with increasing volumes.
- SMA: The 50-day SMA ($2.77) is above the current price, the 200-day SMA ($3.53) indicates a long-term bearish trend.
- Volumes: Decrease from $981 million (February 2025) to $95–$150 million, reflecting low activity.
- Chart: Price consolidating in the range of $2.60–$4.04. See on TradingView (FIL/USDT) or CoinMarketCap.
Fundamental factors
- Positives:
- High development activity (2nd place among AI and Big Data projects according to Santiment).
- Partnerships and integrations (wFIL, DataDAOs) strengthen the ecosystem.
- Growth potential for demand for decentralized storage in Web3 and AI.
- Risks:
- Low real network utilization compared to expectations.
- Competition with Arweave and Sia.
- High volatility and pressure from token inflation.
Recommendations
- Traders: Buy at $2.60 (target $3.50–$4.04, stop-loss $2.50). Sell on break of $2.60 (target $2.25)
- Investors: There is long-term potential, but growth depends on real adoption of the network. Expect increases in volume and news about partnerships.
- Monitoring: Follow X (@Filecoin, @FilOz) and charts on TradingView.
