Filecoin (FIL) It showed strength on Tuesday with a rally of up to 13% from lows at $2.95 to shoulders at $3.7. With the appearance of a bullish technical formation, the cryptocurrency was expected to reach critical levels to break out of the consolidation range. tThis rise appears to have been fueled by the news that the blockchains development team has published ideas on how users can build on Filecoin Virtual Machine (FVM).

All this talk of Space Warp has made you want to build on the Filecoin virtual machine (#FVM)? But not sure how to contribute? 🤔

Check out these 24 ideas from @tweet A team for applications, blocks and systems to build on #FVM. https://t.co/gEEZFzRauU

– Filecoin (Filecoin) December 27, 2022

Advertisement

Filecoin price files is less than $3.0

FIL It was hovering at $2.98 on the four-hour chart with a negative slope, as the bears focused on some ground gained during the Dec. 27 relief rally. The four hours chart has strengthened the decreasing volatility in Filecoin price as an ascending triangle has appeared on the chart as shown below.

The 50 day simple moving average (SMA) was fading and the relative strength index (RSI) was moving sideways near the center line, validating the price consolidation. Momentum strength at 48 indicates that the buying and selling pressures were roughly balanced.

In addition, the Moving Average Convergence Divergence (MACD) indicator was moving horizontally along the neutral line. This indicates that buyers and sellers were canceling. Therefore, Filecoin price has been in a “trade-free zone,” where traders are advised to adopt a “hands-off approach” until a clear directional bias is established.

Four hour chart FIL/USD

The four-hour chart (above) showed that FIL Traded inside an ascending triangle. This is a very bullish chart pattern and predicts a 25% bullish breakout once the price breaks above the triangle resistance line at $3.2.

However, before reaching this target, the Filecoin bulls have to fight a supplier crowd from the 100-day SMA at $3.35 and the psychological level at $3.5.

On the downside, the $2.97 level, where the 50-day SMA and the uptrend line of the triangle all seemed to converge, provided immediate support for the leading cryptocurrency. If the bulls can hold above this level, they can consolidate to push the FIL up towards the horizontal trend line of the triangle at $3.2.

On the other hand, Filecoins price could continue downside if the support at $2.97 does not hold. Therefore, closing the daily candlestick below this level will confirm the breakout from consolidation to the downside with the emergence of the next line of defense from the $2.81 intermediate support. Below that, Filecoin price could drop towards $2.32 or the psychological $2.2 level.

Other currencies with promising returns

The bearish conditions in the market are likely to continue into the new year. This leaves cryptocurrency investors only hoping that the new year will bring good tidings to the digital asset market. Meanwhile, market participants are looking for alternative projects in which they can inject their capital and diversify their crypto portfolio.

As such, there are currently some interesting tokens for sale ahead of time with the potential to double returns for investors in 2023. An example of such a bullish outlook cryptocurrency is Fightan innovative Web 3.0 initiative designed for a healthy and fit lifestyle in both real life and in the Metaverse while simultaneously building a real community, including physical gym chains along with each player’s virtual avatar to keep players engaged.

The project went on sale in early December, having raised over $1 million in financing. The project developers have now opened the token to the public, and the first phase of the pre-sale has already raised more than $2.3 million.

The team behind Fightout is currently offering a giveaway to those who donate the token for more than 24 months and purchase over $500 of FGHT.

📣 Attention # PhytoTekru! 📣

Check out our new bonus tiers for those who are eligible for 24 months and purchase over $500. $FGHT!

Earn more rewards with # Fight – See the chart for more information!

Buy $FGHT Now ⬇️https://t.co/vhgiOPWPrP pic.twitter.com/TS51MGQms4

– FightOut (FightOut_) December 28, 2022

Advertisement

Visit Fightout Here

Similarly, C+Charge is also among these promising tokens. This platform is changing the narrative in the carbon credits market with the aim of preserving carbon-neutral electric vehicles (EVs) globally. If you own an electric vehicle, you can use C+Charge, so you charge your EV at charging stations and pay with C+Charge tokens, $CCHG.

🤝 At C + Charge, we provide our business partners with the best software and services to ensure their charging stations provide the best experience ⚡️♻️

Don’t miss out on getting some CCHG dollars today😎

Join the pre-view now👇🏼https://t.co/ixe18bPqzI pic.twitter.com/6bDj20fg9M

– C + Charge (Charge_Token) December 26, 2022

Advertisement

Plus, you earn carbon credits when you pay these charging stations with CCHG dollars.

The carbon credits are then converted into non-fungible tokens (NFTs), which the owner can choose to hold or trade. This green platform is underway, as a pre-sale event gives you the opportunity to buy CCHG at a low price before the token is listed on cryptocurrency exchanges. At the time of writing, C+ Charge has raised more than $4,500 in a presale offering that launched just 10 days ago.

After the first stage of pre-sale of CCHG is currently underway, the price will gradually increase. This means NOW is the perfect time to get CCHG tokens at a discount.

Visit C + Charge here

Related news:

FightOut (FGHT) – the latest money-making project

Advertisement

• CertiK is audited and CoinSniper KYC verified
• The early stage pre-sale is now live
• Earn free crypto and learn about your fitness goals
• LBank Labs project
• Partnership with Transac Block Media
• Staking bonuses and rewards