Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion FIL dropped to a crucial support level at 38.2% Fib level. Demand improved, but sentiment dropped almost to a neutral level. Filecoin [FIL] was one of the major losers in the past week. It […]
to CoinMarketCap. But the drop has hit a critical support level which could tip bulls to enter the market if it holds.Source: FIL/USDT on TradingView
The drop has hit a key support level at 38.2% Fib level . The level was a crucial resistance level in 2022, particularly in the second half of August, September, and November. As such, it could provide bulls an entry position if it remains steady.
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