Crypto, Web3 Security Firm Ledger Integrates Filecoin into Ledger Live Desktop

Ledger, the hardware and software security company focused on crypto and Web3, recently revealed that they've integrated Filecoin into Ledger Live Desktop. Ledger explained that Filecoin is powering a “decentralized” Internet “where storage is owned and operated by its users.

Timeline of Filecoin

For nearly three weeks, the FIL price has been wavering in a no-trading zone, following the consolidation phase of the pennant pattern. Today, the coin price shows a 2.6% jump and rechallenges the overhead trendline.

FileCoin is trying to break out as it approaches resistance according to analysis of the recent market movements. The price trend of Filecoin (FIL) reveals the construction of a flag and pole pattern, which denotes a bullish movement.

Filecoin (FIL) price action shows the formation of a flag and pole pattern that indicates a bullish movement. Filecoin price displays a robust uptrend with a bullish flag and pole pattern.

Filecoin has been recording gains even amid the retracement that has been happening in the market. The token has not only been one of the few to be in the green over the past day, but it has also seen double-digit growth during this time.

Filecoin (FIL) broke out from a descending resistance line on June 18, but accelerated its rate of increase on July 30. The post Filecoin (FIL) Price Jumps by 80% in Two Days appeared first on BeInCrypto.

Despite the bleak macroeconomic environment, sentiment in the crypto market has shifted bullish over the past few days. Filecoin appears to be benefiting from the latest resurgence.

The Filecoin (FIL) price has been under a winning streak over the past six days and has reached its current price at $10.3. This rapid rally bolstered buyers in escaping a seven-week consolidation phase below the $6.3 resistance.

FIL holders who purchased the altcoin within the last six weeks have likely been disappointed by its performance. However, 30 July brought good tidings and redemption from their disappointment, considering the cryptocurrency's strong performance.

On July 27, the Filecoin Foundation for the Decentralized Web (FFDW) announced it will be supporting an initiative with Harvard University's Library Innovation Lab (LIL) called the “Democratizing Open Knowledge” program. With FFDW's support, LIL plans to explore decentralized technologies that can preserve digital information.

Filecoin price analysis reveals that the FIL/USD pair has started to gain bullish momentum after a period of consolidation at around $5.60. The daily chart shows that the price has broken out of a descending triangle pattern and is currently trading at $5.96.