NFT
Filecoin (FIL) Price Surge Amid Grayscale Decentralized AI Fund Launch
Thursday. July 18 at 11:00 PM
1 min. readFilecoin (FIL) experienced a surge to $4.80 following Grayscale's announcement of the Grayscale Decentralized AI Fund LLC. Despite a subsequent drop to $4.54, buying pressure remains strong. The fund includes top AI-based assets like FIL, Near (NEAR), Render (RNDR), Livepeer (LPT), and Bittensor (TAO). FIL's price still exceeds its 20-day EMA, indicating a strong uptrend and favoring accumulation. The rising RSI at 62.18 confirms sustained demand. Derivatives trading volume has increased by 11%, reflecting bullish sentiment. Positive funding rates suggest more traders anticipate price increases. If bullish sentiment continues, FIL could surpass $4.80. Conversely, a shift to bearish sentiment may lead to a drop to $3.25. This analysis serves for informational purposes only, and readers are advised to conduct their research and seek professional advice before making financial decisions.