Filecoin Takes a Nose Dive: Is Panic the New Trend? 😂💔

by

What’s the tea? ☕

  • Filecoin decided to take a leisurely plunge of 6%. Someone tell it that the pool is closed! 💦
  • The poor little token is currently clinging to support at the thrilling price of $2.50. Is it a lifebuoy or just a dinghy? 🚣‍♂️

In this riveting soap opera

FILFIL$2.5073◢5.63%—Because who doesn’t love a little drama? 🎭

So, guess what? Filecoin took a nosedive of 5.6% in the last 24 hours, from a staggering $2.66 to a rock-bottom $2.51. CoinDesk is basically the tabloids of crypto at this point! 📰

The wild ride? A 7.52% intraday movement, proving that Filecoin is living life on the edge. 🎢

Meanwhile, the wider crypto market is having a bit of a meltdown too, with everyone’s favorite market gauge, the CoinDesk 20, sliding down 3.8%. 😱

In a last-ditch attempt to try and impress, Filecoin announced a partnership with blockchain Avalanche. Cute, but will it help with the heartbreak of the price drop? 💔

In recent trading escapades, FIL has managed to stay 5.6% lower at around $2.51. It’s like watching a sad puppy. 🐶

The Technical Gossip:

  • Price did the cha-cha from $2.66 to $2.51, embracing that 5.6% decline like a bad date. 🚫
  • Resistance is having a BBQ at the $2.66 level, while support is getting cozy at $2.50. 🏖️
  • Heaviest selling pressure crashed the party on July 14 from 14:00-03:00 UTC—prices tumbled from $2.65 to a midnight snack of $2.46. 🍕
  • Volume? Let’s just say it’s living its best life during decline phases, especially on July 15, between 02:00-03:00 UTC, hitting an impressive 6.3 million. 📈
  • Two-phase movement pattern? It’s basically the plot twist nobody asked for but here we are: consolidation leading to a mini-recovery starting at 09:01 UTC. 🎉
  • And then there’s the institutional interest peeking in at lower levels with a suspicious volume of 71,000 at 09:19 UTC. 🔍

Read More

2025-07-15 14:02