- FIL remains bearish as a -0.0798% funding rate signals growing short positions.
- Filecoin has formed a quadruple-bottom pattern around $3.29-$2.48, indicating buyer support.
- Long-term projection sees FIL trading at $320-$500 by 2035, fueled by Web3 adoption trends.
Filecoin (FIL) Overview
| Cryptocurrency | Filecoin |
| Ticker | FIL |
| Current Price | $3.39 |
| Price Change (30D) | -34.13% |
| Price Change (1Y) | -36.14% |
| Market Cap | $2.13 Billion |
| Circulating Supply | 628.56 Million |
| All-Time High | $237.24 |
| All-Time Low | $1.83 |
| Total Supply | 1.95 Billion |
What is Filecoin (FIL)?
Imagine a world where a handful of tech giants don’t control cloud storage but instead thrive in a decentralized, open market where users and providers interact freely. That’s exactly what Filecoin (FIL) brings to the table. Powered by blockchain technology, Filecoin is a peer-to-peer decentralized storage network that rewards participants with FIL tokens for offering secure, verifiable storage solutions.
Built on the InterPlanetary File System (IPFS) foundation, Filecoin enhances traditional cloud storage by introducing an incentive layer, ensuring data integrity, censorship resistance, and cost efficiency. Unlike centralized platforms like AWS or Google Cloud, Filecoin allows users to store anything—from NFT metadata and metaverse assets to scientific archives—while maintaining full control over their data.
Major organizations, including the Internet Archive and Shoah Foundation, have embraced Filecoin for long-term digital preservation. At the heart of Filecoin’s ecosystem lies FIL, the network’s native token. This token incentivizes storage providers and fuels transaction fees. With a hard cap of 2 billion FIL tokens, its issuance follows a structured minting model tied to network growth and performance.
As a result, miners must lock FIL as collateral, ensuring network security and reliability. But where is FIL heading in terms of price? As demand for decentralized storage solutions grows, FIL’s value could surge, fueled by Web3 expansion, rising data demands, and institutional adoption. Let’s find out more in this CryptoTale’s price prediction.
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Filecoin Price History
Filecoin (FIL) has endured heightened volatility since its early days, experiencing an amplified rise followed by a prolonged decline. After peaking near $237 in 2021, the token has trended downward, ultimately finding support around the $3.29-$2.48 mark. This critical level has served as a foundation for buyers, consistently preventing further declines.
On the weekly chart, the Filecoin token reveals promising technical patterns that suggest the token might be gearing up for a bullish reversal. One such pattern is the quadruple-bottom structure, which has formed at the $3.29-$2.48 support level. This classic bullish signal often indicates that selling pressure is weakening, paving the way for potential upward momentum.
Additionally, a cup-and-handle pattern is taking shape. Known for preceding significant breakouts, this structure reflects a period of accumulation, with a breakout above resistance likely signaling the start of a new rally. However, a descending trendline resistance, which has capped FIL’s price since early 2024, adds another layer of technical importance.
Breaking above this trendline, particularly in the $8.42-$11.85 range, would confirm a bullish breakout and propel the price toward higher targets, including the $15 psychological level. Key technical levels highlight both opportunity and risk. On the upside, the $8.42 and $11.85 resistance zones and the 50% Fibonacci retracement level at $7.17 are critical to watch.
On the downside, the $3.29-$2.48 support remains crucial. If breached, the bearish scenario could push FIL toward extreme Fibonacci projections under the $1 threshold, though such outcomes appear less likely given the current buyer interest at support.
FIL’s On-Chain Data Hints at a Bearish Market Outlook
According to Coinglass data, Filecoin’s OI-weighted funding rate has fallen to -0.0798%, indicating that short positions dominate the market. This negative funding rate highlights trader expectations for continued downside, as they are willing to pay a discount to hold short positions.
Such persistent bearish sentiment could further pressure prices, especially if support at the $3.29-$2.48 zone falters. Adding to this bearish outlook is the trend in Open Interest (OI), which currently stands at $230.86M. While OI has increased from late 2024 levels, this growth reflects speculative positioning rather than bullish conviction.
The divergence between rising OI and declining funding rates suggests that short positions are accumulating, potentially setting the stage for further downward pressure if bulls fail to regain control.
Yearly Highs and Lows of Filecoin
| Year | Filecoin Price | |
| High | Low | |
| 2024 | $11.8560 | $2.8802 |
| 2023 | $9.4663 | 2.7282 |
| 2022 | $38.4743 | $2.4801 |
| 2021 | $237.24 | $20.6923 |
| 2020 | $148.4700 | $2.2840 |
| 2019 | $10.0618 | $1.83 |
| 2018 | $30.0688 | $2.3584 |
| 2017 | $28.3873 | $11.1146 |
Filecoin Technical Analysis
The Filecoin (FIL) weekly chart shows bearish momentum reinforced by key indicators, aligning with the current downtrend. For instance, the MACD line at -0.1174 is positioned below the signal line at 0.0754, confirming a bearish crossover. The histogram bar chart has also turned red in the negative region, reflecting increasing bearish momentum. This suggests continuing downward price action in the near term unless a reversal signal emerges.
Similarly, the Relative Strength Index, currently at 40.19, is below the neutral 50 level, indicating bearish conditions. While not yet in the oversold territory (<30), it hints at weakening buying interest, consistent with the broader bearish sentiment observed in the price action.
These indicators coincide with FIL’s failure to break above the descending trendline resistance. Besides, the MACD’s bearish divergence and the RSI’s inability to recover above neutral levels support the likelihood of further downside. If FIL breaches the critical support at $3.29-$2.48, it could extend losses toward lower lows, potentially below $1.00.
Filecoin (FIL) Price Forecast Based on Fair Value Gap
The chart reveals a Fair Value Gap (FVG) in the $3.71-$4.82 range, a significant zone that could attract price movement in the near term. FVGs, or imbalances, often occur when price action moves rapidly in one direction, leaving little to no trading activity in that range. This gap is often a magnet, drawing the price back to “fill” the imbalance.
In this case, the FIL token trades at $3.39, near its $2.48-$3.29 support level, which has held firm throughout multiple tests. However, the bearish momentum and rejection from the descending trendline resistance suggest a limited upside momentum unless the price decisively reverses. Should the market turn bullish, the FVG represents a likely short-term target.
Filling the FVG would require FIL to break through its upper boundary at $4.82, signaling the start of a recovery phase. On the downside, failure to sustain above the current support could negate any prospect of filling the gap, pushing FIL lower toward the $1 mark, a speculative scenario.
Filecoin (FIL) Price Forecast Based on MA Ribbon Analysis
The MA Ribbon indicators on Filecoin’s (FIL) weekly chart highlight a clear bearish trend, with all moving averages positioned above the token’s current price. The closest short-term resistance lies at the 20-MA ($4.76), followed by the 100-MA ($5.01) and the 50-MA ($5.33), aligning closely with the previously identified Fair Value Gap.
This clustering creates a formidable resistance zone that could delay any meaningful recovery. Additionally, the 200-MA ($19.45), far above the current price, confirms the persistent long-term bearish momentum. Moreover, the downward-sloping trajectory of all moving averages indicates sustained selling pressure, underscoring the difficulty of breaking above the ribbon.
Regardless, FIL must reclaim the 50-MA and stabilize within the $5.00-$7.00 range for a bullish reversal while also breaking the descending trendline resistance. Failure to do so could lead to continued rejection at the 20-MA and a further decline toward critical support or possibly lower levels.
Filecoin (FIL) Price Forecast Based on Fib Analysis
With the cryptocurrency’s current price, FIL is positioned above the 100% retracement level at $2.48, which has served as a strong support zone in recent price action. A failure to maintain this level could see the token decline toward speculative extensions, including 127.2%, though this remains unlikely due to the psychological importance of the $2.48 support.
On the upside, the 78.6% retracement level at $4.48 represents the first major resistance to watch. This aligns closely with the Fair Value Gap (FVG) and reinforces the area as a critical point for potential rejection or breakout. Beyond this, the 61.8% retracement level at $6.01—often referred to as the “golden ratio”—is a pivotal zone for a bullish continuation if momentum strengthens.
Further resistance lies at the 38.2% retracement level ($8.27) and 23.6% retracement level ($9.64), which coincide with the resistance zone around the $8.42 zone. Breaking above these levels would signal a potential reversal, targeting the 0% retracement level at $11.85.
Filecoin (FIL) Price Prediction 2025
According to CryptoTale’s projections, Filecoin (FIL) could trade between $1 and $60 as the post-BTC halving rally drives the crypto market to new highs. A breakout above resistance zones and the institutional adoption of decentralized storage will likely fuel this surge.
Filecoin (FIL) Price Prediction 2026
According to our forecast, FIL could fall to $10-$40 as the market enters a correction phase. Bearish momentum is expected as overvaluation and fading post-halving euphoria dominate, with FIL potentially testing long-term supports.
Filecoin (FIL) Price Prediction 2027
CryptoTale predicts FIL could range between $5 and $25 as the market hits rock bottom during a recession phase. With reduced trading volume and negative sentiment, FIL might revisit previous lows, offering long-term investors an attractive accumulation opportunity.
Filecoin (FIL) Price Prediction 2028
FIL is expected to trade between $50 and $150 as optimism returns amid the fifth BTC halving. A recovery phase, driven by renewed interest in decentralized storage and improving market sentiment, will likely stabilize and gradually increase FIL’s price.
Filecoin (FIL) Price Prediction 2029
Per our analysis, FIL could rally to $100-$280, benefiting from the post-halving hype. Strong community support, increasing Web3 adoption, and an expanding ecosystem will likely propel FIL toward higher resistance zones, testing previous highs.
Filecoin (FIL) Price Prediction 2030
According to our price forecast, FIL might range between $60 and $200 during a market correction. Overbought conditions and profit-taking could lower FIL, though fundamental advancements like enhanced network scalability may provide a solid price floor.
Filecoin (FIL) Price Prediction 2031
FIL could trade between $35 and $150 as the market undergoes another consolidation phase. Speculative trading activity may decline, though consistent network usage for data storage could help stabilize FIL above its critical long-term support levels.
Filecoin (FIL) Price Prediction 2032
FIL’s price is projected at $140-$300, with the recovery phase gaining traction ahead of BTC’s halving this year. Renewed investor interest in blockchain technologies and decentralized storage may lay the groundwork for a sustained uptrend.
Filecoin (FIL) Price Prediction 2033
Per CryptoTale’s predictions, FIL may range between $250 and $420, driven by post-halving hype and increased institutional participation. Blockchain advancements and scaling solutions could help Filecoin capitalize on the rising demand for decentralized storage during this bullish phase.
Filecoin (FIL) Price Prediction 2034
FIL could decline to $200-$350 as the market experiences another correction cycle. Despite the bearish sentiment, strong fundamentals and the adoption of decentralized storage solutions could limit losses and prevent FIL from retesting prior lows.
Filecoin (FIL) Price Prediction 2035
CryptoTale anticipates FIL trading between $320 and $500, setting new all-time highs. As decentralized storage becomes mainstream and blockchain adoption peaks, FIL could cement its position as a key asset, riding the wave of widespread Web3 integration.
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FAQs
What is FIL?
Filecoin (FIL) is a decentralized storage network that rewards participants with FIL tokens to provide secure and verifiable storage solutions powered by blockchain technology.
How can I purchase FIL?
FIL can be purchased on exchanges like Binance or Coinbase using trading pairs such as FIL/USD, FIL/ETH, or FIL/BTC.
Is investing in FIL a wise decision?
FIL has potential due to Web3 adoption and storage demand, but market volatility requires careful investment decisions based on your risk tolerance.
What’s the best way to securely store FIL?
Use hardware wallets like Ledger or Trezor for maximum security or software wallets like MetaMask with two-factor authentication.
Who is the founder of FIL?
Filecoin was founded by Juan Benet, who also developed the InterPlanetary File System (IPFS) for decentralized data storage.
Which year was FIL launched?
Filecoin (FIL) was introduced in May 2017.
What is FIL’s circulating supply?
The current circulating supply of Filecoin is approximately 628.56 million tokens and a total supply of 1.95B FIL.
Will FIL surpass its all-time high?
FIL might surpass its all-time high of $237.24, depending on Web3 adoption, BTC halvings, and market developments.
What is FIL’s lowest price?
Filecoin’s lowest recorded price is $1.83.
What will the price of FIL be in 2025?
By 2025, FIL could trade between $1 and $60 due to post-BTC halving market optimism and decentralized storage demand.
What will the price of FIL be in 2028?
FIL may trade between $50 and $150 in 2028 as optimism grows amid BTC halving cycles and blockchain advancements.
What will the price of FIL be in 2030?
In 2030, FIL is expected to trade between $60 and $200, supported by the adoption of decentralized storage solutions.
What will the price of FIL be in 2032?
By 2032, FIL could reach $140 to $300 as recovery and blockchain adoption drive prices higher ahead of BTC halving.
What will the price of FIL be in 2035?
In 2035, FIL could trade between $320 and $500, driven by Web3 integration and decentralized storage becoming mainstream.
