FileCoin
5.6% crashed in the 24-hour trade session from July 14, 10:00 AM to 15 July 09:00 UTC, which slipped from $ 2.66 to $ 2.51, according to Coindesk Research’s technical analysis model.
The model shows that the token released a fleeting 7.52% intraday movement.
The decline in the token of the decentralized stock network came when the wider crypto market also fell, with the wider market meter, Coindesk 20, recently down 3.8%.
Filecoin recently announced a partnership with Blockchain -Lavine aiming to optimize smart contract management and data storage.
In the latest trade, file was 5.6% lower over 24 hours and traded about $ 2.51.
Technical Analysis:
- The price tumbled from $ 2.66 to $ 2.51, posting 5.6% fall
- Resistance solidifies at $ 2.66 level with support forming about $ 2.50.
- Heavy Sales Pressure Hits 14 July 14: 00-03: 00 UTC window as price launches from $ 2.65 to $ 2.46.
- Volume patterns show increased activity in fall phases, especially 15 July, between 02: 00-03: 00 UTC, with quantities of topping 6.3 million.
- Two-phase movement pattern contains initial consolidation followed by upward momentum starting 09:01 UTC.
- Institutional interest occurs at lower levels with quantities over 71,000 at 09:19 UTC.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
