Filecoin FIL has broken below a critical support level at $2.54, dropping 4.87% in 24 hours amid accelerating bearish momentum, according to CoinDesk Research’s technical analysis model.
The move comes as the broader market gauge, CoinDesk 20 Index, fell 2.6% in the last 24 hours.
The cryptocurrency’s recent price action reflects broader market uncertainty as investors navigate complex global economic conditions and reassess risk exposure across both traditional and digital asset classes.
Technical Analysis:
Price declined from $2.62 to $2.50, representing a range of $0.127 (4.87%) over 24 hours.
Notable volume spikes occurred during the 07:00 and 13:00 hours, with the latter coinciding with a sharp rejection at $2.55 resistance level, confirming selling pressure.
The cryptocurrency broke below the critical $2.54 support zone that had previously held during multiple tests, suggesting further downside potential.
In the last hour, FIL continued its bearish trajectory, plummeting fr
We współpracy z: https://www.coindesk.com/markets/2025/06/05/filecoin-tumbles-5-after-breaking-below-key-support-level-at-254
