Filecoin (FIL) retreated 17.18% from its local high of $1.276 on October 11th, posting an 8.95% decline over 24 hours alongside a 27.3% drop in trading volume. The Solstice upgrade (FIP118) is scheduled for October 19th and will restructure block reward distribution to favor services that bring paying customers onto the network. The end of Genesis vesting on October 15th is expected to reduce FIL emissions by 75%, creating scarcity that could drive long-term price appreciation. From a technical perspective, the price remains above key demand zones at $0.95 and $0.80, with the psychological $1 level serving as critical support that bulls must defend.
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