Filecoin lost 7% in value due to selling pressure.

Filecoin (FIL) has lost %7 of its value in the last 24 hours, declining from $2.39 to $2.23 amid a general downturn in the cryptocurrency markets. According to CoinDesk Research's technical analysis model, this situation shows a volatility of %7.9 along with a range of $0.19.

sellers are showing intensity at the $2.41 resistance level, while the trading volume surged to 5.92 million tokens, nearly doubling the daily average of 3.42 million tokens. Buyers are trying to maintain the $2.23 support level, experiencing a volume spike at this level with 4.8 million tokens.

In the model, classic capitulation patterns are emerging, and seller exhaustion indicates a potential base formation above the critical $2.23 floor. In the latest trades, Filecoin is being traded at $2.26, down %5.1.

While the overall cryptocurrency market also declines, the broad market measurement tool CoinDesk 20 lost %3.6. According to technical analyses, sellers have maintained the $2.41 resistance level with significant volume increase and price rejection. Buyers defended the $2.23 support level during a series of daily tests, and volume spikes occurred. During the selling phase, trading activity peaked at 5.92 million tokens, significantly above the base average of 3.42 million tokens. Uniform capitulation emerged along with an immediate relief bounce after a sharp sell-off. The narrowing volatility and price stability suggest that seller fatigue is approaching critical levels. After a dramatic reversal, a new consolidation zone has formed around $2.25.