Article • over 1 year ago

Filecoin (FIL) Faces Bearish Trend as Demand Weakens: Technical Analysis

Filecoin

Summary

Filecoin (FIL) has experienced a rally from $3 but is now encountering selling pressure below the $3.5 resistance zone.
Technical indicators, including the On-Balance Volume (OBV) and spot Cumulative Volume Delta (CVD), indicate a lack of significant demand for FIL despite recent positive market movements.

Source: https://ambcrypto.com/fil-bulls-forced-to-retreat-from-3-45-can-the-bears-force-a-defeat/

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