Fil falls by 6 %because the sales pressure increases, cryptocurrency markets withdraw
Filecoin
In the 24-hour trade period of July 14, 10:00 UTC until July 15, 09:00 UTC, fell by 5.6 % and slipped from $ 2.66 to $ 2.51, according to the technical analysis model from Coindesk Research.
The model shows that the token recorded a volatile intraday movement of 7.52 %.
The slump in the token of the decentralized storage network took place at the same time as the wider cryptoma market was decomposed, with the more comprehensive market indicator, the Coindesk 20, recently fell by 3.8 %.
Filecoin recently announced a partnership with the Blockchain Avalanche, which aims to optimize the handling of smart contracts and data storage.
In the latest trade, FIL recorded a decline of 5.6 % within 24 hours and noted at around $ 2.51.
Technical analysis:
- The price fell from $ 2.66 to $ 2.51 and thus recorded a decrease of 5.6 %
- The resistance is strengthened at the level of $ 2.66, while support forms by $ 2.50.
- The strongest sales pressure from July 14th, 2:00 p.m.-03: 00 UTC, when the price of $ 2.65 collapses to $ 2.46.
- Volume patterns show increased activity during the down phases, especially on July 15 between 02: 00-03: 00 UTC, with a volume of over 6.3 million.
- The two -phase movement pattern first shows consolidation, followed by upward moment from 09:01 UTC.
- Institutional interest arises at lower levels with a volume of over 71,000 by 09:19 UTC.
Disclaimer: Parts of this article were created with the support of AI tools and checked by our editorial team to ensure accuracy and compliance with our standards. For more information see Coindesks complete AI guideline.
