🚨📉Filecoin (FIL) Price Update: Bearish Sentiment Intensifies🔻
💥Key Highlights:
Peak to Plunge: FIL initially dropped below the 20-day SMA, hitting a low of $5.68.
Weekend Movement: Entered the weekend with a 5% drop but recovered slightly on Sunday with a 4.31% gain, closing at $6.70.
Monday Struggles: Unable to hold momentum, FIL dropped 2.75%, settling at $6.52.
🔍Price Action Breakdown:
Tuesday's Drop: FIL fell by 3.65%, reaching $6.28.
Wednesday's Major Decline: A sharp 10% drop pushed FIL below the $6 mark, closing at $5.66.
Thursday’s Collapse: FIL dipped over 10%, slipping below the 50-day SMA and ending at $5.09.
💡Current Sentiment:
Bearish Pressure: FIL is down over 5% in the current session, with sellers dominating the market.
Support Zone: $5 remains a critical support level. Will FIL hold this mark or continue to decline?
⚡What’s Next for FIL?
Bearish Sentiment: Sellers are still in control, pushing FIL lower.
Recovery Potential: For a recovery, FIL will need to break above the 50-day SMA and move past $6.
🔔Stay Tuned for the latest updates on Filecoin (FIL) and other crypto movements!
