Article • 11 months ago

Filecoin's Bullish Reversal Remains Elusive as Buyers Seek Gains

Filecoin

Summary

Filecoin (FIL) has been holding the $3.0 support level since August without a strong bullish reversal.
Near-term buyers have seen small gains from a slight price bounce, but face resistance at $3.2.
Declining demand and selling pressure in the Spot market suggest a risky bullish setup, so traders should monitor Bitcoin (BTC) for risk management and potential upward movement in FIL.

Source: https://ambcrypto.com/filecoin-assessing-if-fil-buyers-can-gain-from-a-liquidity-hunt/

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