FILECOIN Token
Filecoin operates on an open protocol supported by a blockchain, which registers the agreements established by network participants. Transactions within this blockchain utilize FIL, its native currency. The protocol integrates both proof-of-replication and proof-of-spacetime mechanisms.
FIL is ranked #23 with a market capitalization of over $4.11 billion. The current market price of the token is 8.1 USDT
On the daily time-frame, the FIL/USDT trend has broken out of the descending trendline with considerable volume support. This is a multi-week breakout, indicating that the trend would continue on an upward trajectory. The next resistance is expected at 9.1 USDT and the next support is expected at 7.7 USDT.
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