Why Filecoin price could drop to $0.76 after losing the multi-month $0.80 support

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The Filecoin price has slipped back under pressure, trading around $0.7804 after a 4.19% decline in the past 24 hours. The decline places the token just below the closely watched $0.80 psychological zone, an area that has acted as a stabilising level across recent trading sessions. The broader setup now reflects a market that is losing momentum at a technically sensitive level, with multiple indicators pointing toward continued weakness if current support fails to hold. Market pressure builds as sentiment weakens across crypto The Filecoin (FIL) price decline has occurred alongside a softer broader crypto market environment. Bitcoin (BTC), for example, has recorded a decline of roughly 1.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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