Filecoin
Crashing 5.6% in the 24-hour trading session from July 14 10:00 UTC to July 15 09:00 UTC, slipping from $ 2.66 to $ 2.51, according to the CoinDesk Research’s technical review model.
The model shows that the token posted a PABAGU -CHANGE of 7.52% intraday movements.
The downfall of the token of the decentralized storage network arrived as the broader crypto market also fell, along with the broader market size, CoinDesk 20, recently dropped by 3.8%.
Filecoin recently announced a collaboration with the blockchain avalanche, aimed at optimizing the handling of smart contracts and data storage.
In recent trade, Fil is 5.6% less than 24 hours, trading around $ 2.51.
Technical assessment:
- Price fell from $ 2.66 to $ 2.51, posting a 5.6% decline
- The resistance reinforces the level of $ 2.66 with the support that makes up around $ 2.50.
- The worst sale pressure hits July 14, 14: 00-03: 00 UTC window as price cascades from $ 2.65 to $ 2.46.
- Volume patterns show elevated activity during the decline of phases, especially July 15, between 02: 00-03: 00 UTC, with volumes leading to 6.3 million.
- The two-phase movement pattern features a preliminary integration followed by the upward momentum starting 09:01 UTC.
- Institutional interest appears at a lower level with volumes of more than 71,000 at 09:19 UTC.
Refusal: The parts of this article were formed with the help from the AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
