FIL Technical Analysis: Buying Spree Consolidates Before Reaching $30

FIL coin price shows a short consolidation phase near the $25 mark after a price jump from the $18 support level. Will buyers continue the uptrend to $30? Key technical points: FIL prices have increased by 11.40% in the past 24 hours. In addition, the 100-day EMA struggles to keep the bullish growth in check. Finally, the 24-hour trading volume of Ripple is $850 Million, marking a 14.60% rise. Past Performance of FIL FIL coin price action shows a remarkable surge in buying pressure near the$18 support level resulting in a 45% price jump within 72 hours. However, the result struggled to surpass the 100-day EMA, resulting in the ongoing consolidation near $25. However, the recent lower price rejection of long-tail candle formation teases a bull run shortly. Source-Tradingview FIL Technical Analysis FIL coin price action shows an upside move of 11.40% in the past 24 hours that undermined the previous bearish engulfing candlestick. Moreover, the recovering sentiment of the crypto market projects a potential bull run. The crucial daily EMAs (50, 100, and 200-days) maintain a bearish alignment with the 100-day EMA providing resistance to bullish growth. However, the bullish consolidation breakout will result in a surge to the 200-day EMA. RSI Indicator: The RSI slope shows a rounding reversal from the overbought territory due to the high selling activity near $26. Nonetheless, the RSI lines spike to regain the overbought title and r...