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Filecoin value went vertical on Friday amid issues about its utility.
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Gifto misplaced momentum because the rebrand hype died.
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Safemoon was left behind within the meme token rally.
Cryptocurrencies had a blended efficiency this week because the US greenback index (DXY) continued rebounding and as regulators intensified their actions. Bitcoin briefly soared to over $25,000 for the primary time in six months. Listed here are the highest crypto coin predictions for the weekend, together with Filecoin (FIL), Gifto (GFT), and Safemoon (SFM).
Filecoin value prediction
Filecoin had a spectacular week because it jumped to the very best degree since September 2022. It has risen by over 250% from its lowest degree in 2022 at the same time as issues about its utility proceed. Protocol Labs, its creator, even introduced some layoffs lately.
Filecoin managed to cross the essential resistance level at $5.81, the earlier year-to-date excessive. The coin has additionally jumped above the 25-day and 50-day shifting averages and shaped a cup and deal with sample.
Due to this fact, there’s a chance that the coin will preserve its bullish momentum within the coming days if bulls handle to push it above the present degree. Such a transfer will carry the subsequent resistance degree to $10, which is way larger than the place the coin is at present. A drop under the help at $5.81 will invalidate the bullish view.
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Gifto value prediction
Gifto is a blockchain community within the gifting house. GFT, its native token, has had a blended efficiency in February after it rebranded from GTO. Initially, the token value surged to a excessive of $0.186 as individuals turned conversant in it.
These positive factors had been short-lived because the GFT value crashed by greater than 51%. Because it crashed, Gifto managed to maneuver under the important thing help degree at $0.098. It then retested this degree, signaling that bears are gaining momentum. The 50-period and 25-period shifting averages made a bearish crossover. Due to this fact, the token will seemingly proceed falling as sellers goal the important thing help at $0.050.
Safemoon value prediction
Safemoon value was comparatively calm this week at the same time as different meme cash like Floki Inu and Dogelon Mars jumped as we wrote here. The token rose to a excessive of $0.00027 after which shortly pulled again. On the hourly chart, the coin has shaped an ascending channel proven in blue. It has moved barely above the decrease aspect of the rising channel on the hourly chart.
The value is hovering on the 38.2% Fibonacci Retracement degree. Due to this fact, Safemoon value will seemingly proceed rising as consumers goal the higher aspect of the channel at $0.00027.
