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Filecoin ignores Elon Musk’s Bitcoin FUD as FIL price rockets by 17%

Published 06/04/2021, 07:09 AM
Updated 06/05/2021, 09:00 AM
Filecoin ignores Elon Musk’s Bitcoin FUD as FIL price rockets by 17%
BTC/USD
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FIL/USD
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FIL, the native crypto asset of the Filecoin network, was among the best performing digital assets Friday as it maintained its gains against a very bearish cryptocurrency market.

The FIL/USD reached an intraday high of $102.109 at around 3:00 am UTC — up more than 37% on a 24-hour adjusted timeframe. The pair underwent a sharp correction later on profit-taking sentiment but sustained its 24-hour gains by staying upward of 17%.

Filecoin attempts to post solid rebounds following its recent downside moves. Source: FILUSD on TradingView
Bitcoin takes all its top rival down after Musk’s tweet. Source: Messari
Filecoin underwent a technical bullish breakout after consolidating inside a Triangle pattern. Source: FILUSD on TradingView

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