Falling nearly 7% in the last 24 hours, which fell from $ 2.39 to $ 2.23, according to the CoinDesk Research’s technical review model.
The model showed that the token posted a $ 0.19 range that represents 7.9% volatility.
Sellers led a $ 2.41 resistance level as the transaction volume exploded at 5.92 million tokens exchanged, crushed by the 3.42 million days average. The Bulls defended the support of $ 2.23, with spiking volume above 4.8 million, according to the model.
Classic capitulation patterns have emerged as a sale of fatigue -signed potential base formation above the critical $ 2.23 floor, the model said.
In recent trade, Filecoin was 5.1% lower, around $ 2.26.
The broader crypto market also refused, with a wide market size, CoinDesk 20, down 3.6%.
Technical assessment:
- Sellers defend the $ 2.41 level of resistance, which triggers a massive volume of scurry and decline in price.
- The Bulls have been defining the $ 2.23 support of many intradays and volume spikes.
- The trading activity exploded in the past 5.92 million during the peak sale, higher than 3.42 million average baselines.
- The capitulation of the book -study appears with a violent sale followed by the immediate relief bounce pattern.
- Compression degradation and price stabilization suggest fatigue to the seller may approach critical levels.
- The forms fresh consolidation zone around $ 2.25 following dramatic recovery from the intraday massacre.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
