Filecoin (FIL) showed strong volatility with a negotiation range of more than 6% during the last 24 hours, according to the technical analysis model of Coindesk Research.
The model broke the key support at the level of $ 2.38 in high volume, the model showed.
The AI Singularitynet platform has chosen Filecoin for the storage of metadata through the lighthouse, according to an X publication.
In recent negotiation, Fil was 4.6% lower in 24 hours, quoting around $ 2.36.
The decrease in Filecoin occurred when the broader cryptographic market also fell, with the broader market meter, Coindesk 20, recently 3.6% lower.
Technical analysis:
- Filecoin found a significant bearish impulse during the 24 -hour period.
- The cryptocurrency breached the essential support in $ 2.38 during night negotiation periods, with volume increases that reach 7.54 million that indicate a possible institutional distribution activity
- Descending channel pattern formed during the last 60 minutes of negotiation period.
- Failed claim of key technical levels that suggest a continuous downward impulse.
- Fil demonstrated recovery signals at the final hour, moving forward to $ 2.35 with solid purchase interest and volume peaks of 91,211 shares.
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