FIL's trading activity reveals significant bearish momentum, with a drop below $2.38 amid broader market declines, although recovery signals emerged later.
Filecoin (FIL) exhibited sharp volatility, trading within a range of over 6% in the last 24 hours. The token broke key support at $2.38 on high volume, with recent trading indicating a 4.6% decline to around $2.36. The broader crypto market also fell, with the Coindesk 20 down 3.6%. Despite bearish momentum, FIL showed recovery signals towards the session's end, with strong purchasing interest noted.