Filecoin is Falling: Bears Testing the Support Level

Filecoin (FIL) has decreased from $1.32 to $1.29 in the last 24 hours, indicating the emergence of a downward channel formation. During this process, the trading volume occurred at more than %180 above the average.

Additionally, a sharp rebound from the $1.28 support level indicates that there is institutional buying interest at critical levels.