Filecoin Drops As Much As 7% As Selling Pressure Intensifies

The model showed that token posted A $ 0.19 Range Representing 7.9% Volatility.

Sellers Dominated at the $ 2.41 Resistance Level As Transaction Volume Exploded To 5.92 Million Tokens Traded, Crushing The 3.42 Million Daily Average. Bulls Defended $ 2.23 Support, With Volume Spiking Above 4.8 Million, Account to the Model.

CLASSIC CAPITULATION PATTERNS EMERGED ASSELING EXHAUSTION SIGNALED PETENTIAL BASE FORMATION ABOVE CRITICAL $ 2.23 Floor, The Model Said.

In recent trading, Filecoin Was 5.1% LOWER, AROUND $ 2.26.

The Wider Crypto Market Also Declined, with The Broad Market Gauge, The Coindesk 20, Down 3.6%.

Technical Analysis:

• Selers Defended The $ 2.41 Resistance Level, Triggering A Massive Volume Surge and Price Reject.
• Bulls Mounted Defense at $ 2.23 Support Durying Multiple Intrady Tests and Volume Spikes.
• Trading Activity Exploded Past 5.92 Million Dringing Peak Selling, Well Above The 3.42 Million Baseline Average.
• Textbook Capitulation Emerges with Violent Selloff Followed by Immediate Relief Bounce Pattern.
• Volatility Compression and Price Stabilization Suggest Seller Exhaustion May Be Approaching Critical Levels.
• Fresh Consolidation Zone Forms Around $ 2.25 Following Dramatic Recovery from Intrady Massacre.

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