【Crypto World】Filecoin has declined to $1.5218 in the past 24 hours, a drop of 3.6%, as the entire crypto market undergoes a correction. Trading activity has actually increased—24-hour trading volume is 30% higher than the 30-day moving average, and last night it even surged to 7.3 million tokens, a 95% increase over the average level.
In terms of price performance, FIL has fluctuated within the range of $0.08, with an intraday high of $1.61 and a low of $1.52. Interestingly, when the price approached the $1.60 resistance level, trading volume significantly increased, and afterward, it found support around $1.52, forming a range-bound pattern of testing.
From a technical perspective, support is just above $1.55. If this level is broken, whether $1.52 can hold becomes the next focus. Once $1.52 is broken, technical indicators suggest there is still a risk of further decline. Currently, the market volume