Filecoin (FIL) falls on above-average volume, drops below $1.30 support amid wider slide
CoinDesk
Filecoin (FIL) dropped 4.2% to $1.28 on above-average volume, breaking the key $1.30 support level amid a broader market decline.Summary
Filecoin (FIL) fell 4.2% to $1.28 on Tuesday amidst significant volatility and a broader market downturn, as confirmed by CoinDesk Research's technical analysis model. Trading volume was 12.75% above the seven-day average, with a spike confirming the breakdown below the psychological $1.30 support price. The token is currently testing support in the $1.27-$1.28 range, with primary support at $1.278 and resistance near $1.285. The model suggests that while there was swift capitulation followed by a bounce indicating buyer interest, the 24-hour bearish trend remains intact until FIL reclaims the $1.30 level.
(Source：CoinDesk)