Article • about 1 year ago
Filecoin (FIL) Price Retreats as Bitcoin Struggles, Potential Dip Ahead
Summary
- Filecoin (FIL) price has declined by roughly 8% in the past 24 hours, tracking the struggles of the Bitcoin market.
- Technical indicators are signaling weakness and a potential bearish flip.
- If the bearish scenario plays out, Filecoin could fall to the $3.9 support line and potentially lower to the critical demand reload zone between $3.1 and $2.7, but a decrease in daily trading volume suggests a potential reversal in sell pressure and a rebound in FIL price around the $4.2-$4.4 range.
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