Filecoin Price Analysis: FIL swiftly moves back below $80, a reversal to follow today?

TL;DR Breakdown Filecoin price analysis is bullish for today.FIL/USD declined overnight back to $80.Filecoin holds above $78. Filecoin price analysis is bullish for today as the market price went for another retest of the $75-$80 support area today, and any further downside was rejected. Therefore, we expect FIL/USD to reverse over the next 24 hours and move back above the $80 mark. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours. The market leader, Bitcoin, is down by 2.78 percent, while Ethereum has lost 6.11 percent. Meanwhile, Solana (SOL) and Cardano (ADA) are among the worst performers, with around 10 percent. Filecoin price movement in the last 24 hours: Filecoin spikes back below $80 FIL/USD traded in a range of $77.26 – $86.57, indicating strong volatility over the last 24 hours. Trading volume has increased by 17.61 percent and totals $1.34 billion, while the total market capitalization trades around $8.24 billion, ranking the coin in 23rd place overall. FIL/USD 4-hour chart: FIL set to reverse again today? On the 4-hour chart, we can see the Filecoin price rejecting further upside, likely leading to a reversal later today. FIL/USD 4-hour chart. Source: TradingView Filecoin price has seen strong volatility over the past weeks. After a rapid advance of over 70 percent from the $70 support at the end of August, FIL/USD eventually peaked at $120. From the $...