Filecoin Slips 5% as Price Breaks Through $2.54 Support Barrier

Filecoin (FIL) Slides Below $2.54 Support Amid Intensified Selling Pressure

Filecoin (FIL) declined 4.87% over the past day, breaking below a key support level at $2.54 as bearish momentum strengthened. The token’s price moved within a 12-cent range, peaking at $2.62 before retreating to a low of $2.50.

Trading volumes spiked notably around 07:00 and 13:00 UTC, highlighting the growing selling activity, especially near the $2.55 resistance mark. The break under $2.54 signals potential for further downside, as FIL failed to sustain support despite brief consolidation attempts.

In the last hour, FIL’s price dropped from $2.55 to $2.50, with volume surging to over 100,000 units, confirming strong seller dominance. Immediate resistance is now seen at $2.55, with support levels eyed near $2.48 and $2.45.

Overall, the technical outlook points toward continued weakness unless buying pressure returns.

About The Author

ctleditor

See author's posts