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The two-phased network upgrade is aimed at improving network quality. FIL was quick to react as its price went up by 3%.

In this article, we will take a look at the top 5 storage tokens that are worth considering as investment options in 2023.

The retest of the bullish order block at $5.2 saw the bulls come up with only a meek response. The market structure of Filecoin also pointed toward a downtrend.

Filecoin's development team suggested to advance the upcoming nv19 upgrade from 11 May to 27 April in order to address the current issue in block production.

The recent Filecoin price analysis shows a downtrend trading pattern as the market conditions remain bearish. The bears are dominating the market and pushing FIL/USD toward its current support level of $5.48.

Filecoin [FIL] faced price rejection at the local overhead resistance level of $6.5. The rejection is unsettling as it limits FIL's capacity to recover mid-March losses.

The Filecoin price analysis shows signs of bearish activity as the bears have returned to the price charts after a bullish trend earlier today. Filecoin has been stuck in a downward trend and appears to be heading for lower levels.

Filecoin price analysis shows a bearish market sentiment since it has been trading on a downtrend pattern since the beginning of the day. The selling pressure has had the upper hand dropping the price from a high of $6.38 to its current value of $6.10.

Filecoin has been on an uptrend in 2023, and the breakout past the $5 and $5.65 levels in January was a crucial development. A look at the daily timeframe showed that the $6.44-$7.25 was a bearish order block on that timeframe,

Protocol revenue, or the total fees generated on the chain increased 5% in Q1 2023 on a quarter-on-quarter basis, while the supply-side revenue going to the storage providers dipped.

Filecoin [FIL] crossed $6, following BTC price action. However, key obstacles ahead could slow the rally and affect its long-term prospects.

In their most recent video, crypto analyst and YouTuber, CryptoBusy, has identified five coins that are currently breaking out and could provide investors with significant gains.

Since the end of March, Filecoin [FIL] has been consolidating in a narrow range of $5.345 – $6.000. The range trading followed Bitcoin's [BTC] lead.

Filecoin [FIL] has been under price consolidation since 20 March, oscillating between $5.345 and $5.930. Similarly, Bitcoin [BTC] traded within the $26.8K – $28.8K range.

Filecoin price analysis is highly bullish today as the buying momentum has continuously grown. The FIL/USD pair is currently trading at $5.73 and is making a strong move toward the next resistance level at $5.78.

Filecoin price analysis is bearish today as the FIL price follows a downtrend again, slipping below the $5.60 level and testing the support of $5.45. FIL is trading at $5.50 after dropping more than 2.21 percent on the day.

The Filecoin price analysis is positive today because there has been a price gain as the price has risen to $5.77. A shift in the ongoing trend was noticed yesterday, and bulls resumed their advance after a downtrend that was seen over the previous week somewhat diminished the coin's worth.

The Filecoin price analysis is dictating an increase in price after a stable bullish trend.  The price of FIL/USD has broken above the $5.30 level and is now trading at $5.35.

Future growth in blockchain gaming, NFTs and the need for more decentralized storage could eventually benefit FIL and AR price.

Filecoin price analysis is bearish, as the cryptocurrency approaches a key level of $5.22 support. The cryptocurrency has been in a clear downtrend since the beginning of today when it reached a low of $5.32.

These are the three cryptos with serious upside potential tied to their solid utility and fundamentally-driven long-term tailwinds.

Filecoin [FIL] is about to make another major network upgrade if the proposal gets a ‘yes' from the community. As per the announcement, Filecoin's latest FIP0056 was in its last call until 24 March.

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 The Filecoin Virtual Machine (FVM) network upgrade went live last week, introducing smart contracts and enabling developers to design dapps on Filecoin, a decentralized file storage network.

Over the last 24 hours, several china-related cryptocurrencies have shown significant growth, highlighting their names among the highest gainers of the top 100 crypto coins by market cap. The recent surge in these coins may not have a clear-cut explanation, but it could coincide with the increasing adoption of cryptocurrencies amid the U.S. Bank crisis.