Filecoin Standard Full Hashrate Token (SFILUSD) Stagnates, Awaiting Market Catalyst
SFILUSD, or Filecoin Standard Full Hashrate Token USD, is currently trading at a stagnant $0.00513081. With no movement in price percentage and an all-time low in market activity, traders are curious about the potential for a rebound. Let’s dive into the data to understand what’s influencing SFILUSD.
Stagnant Price Movement
The SFILUSD is trading flat at $0.00513081, with a 0% change in price. Its market cap is approximately $10,261, highlighting micro-cap status with limited market interest. Historically, the token has seen a year-high of $2.80 and plunged to a year-low of $0.00330087, marking a significant decline in value.
Technical Analysis Insights
The technical indicators are not showing much activity. The RSI is rooted at 0.00, suggesting extreme oversold conditions, while the MACD and ADX also reflect zero activity. Volatility is low, with Keltner Channels showing steady boundaries at $0.01. These indicators suggest a stable, albeit low, trading range for SFILUSD.
Historical Price Trends
Over the past year, SFILUSD has fallen 89.45%, indicating strong bearish sentiment. Even more drastically, since its inception, it has declined by 99.93%. The historic downfall raises concerns but also potential interest if considered for a long-term recovery. Meyka AI forecasts suggest a potential rally to $0.34 over the next year, though this optimism hinges on unforeseen market shifts.
Future Prospects
Despite its current stagnancy, the yearly forecast of $0.34 provides a glimpse of potential growth. However, this depends heavily on broader market conditions and regulatory developments. It’s important to remember that forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Final Thoughts
SFILUSD remains in a tight range, with technical indicators showing little momentum. Historical performance is grim, yet it leaves room for speculative interest. As markets evolve and new data becomes available, this token could present an opportunity, albeit with high risk. Traders should keep an eye on market catalysts driving change.
FAQs
As of now, SFILUSD is valued at $0.00513081, showing no change in the recent past day’s trading activity. Its market cap stands at approximately $10,261.
The low volume can be attributed to its micro-cap status and the lack of significant market news or events to drive interest. Historical performance might also deter potential investors.
The RSI, MACD, and other indicators like ADX and ATR are all showing minimal activity. This suggests the coin is stabilizing within a narrow trading range without volatility.
Meyka AI’s yearly forecast predicts a potential increase to $0.34. However, actual outcomes may vary due to external market influences and events affecting the crypto space.
Over the past year, SFILUSD has declined by 89.45%. Its long-term decline is even more pronounced, nearing 99.93% since inception, indicating significant bearish trends.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
