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Time Details
2025-07-02
00:25
Filecoin (FIL) Technical Analysis: Navigating Volatility with Key Support at $2.24 and Resistance at $2.56

According to @EmberCN, Filecoin (FIL) has demonstrated significant volatility, creating critical technical levels for traders to watch. Analysis shows FIL experiencing a sharp 5.8% decline where it broke the $2.52 support level on heavy selling volume, indicating potential institutional distribution before finding a new support zone around $2.41-$2.42. In a contrasting period, FIL surged over 14%, establishing a strong support base at the $2.24-$2.25 level, confirmed by multiple tests and significant buying volume. Key resistance levels to monitor are $2.56, where multiple rejections occurred before a downtrend, and a more immediate resistance near $2.31. The high volume during both the decline and the rally suggests strong market participation and the potential for continued significant price movements.

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