Article5 months ago

Filecoin Faces Resistance at $5.7, Bitcoin's Performance Impact

Filecoin Faces Resistance at $5.7, Bitcoin's Performance Impact
Summary
  • Filecoin (FIL) is facing resistance at the $5.7 level, hindering further upward movement.
  • The bearish order block on the one-week chart and inability of the OBV to reach new highs indicate a possible pullback for FIL.
  • If Filecoin reaches the $5.71-$5.76 level, there is a risk of over $300 million worth of liquidations, prompting caution for investors.

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