Filecoin (FIL) declines as crypto markets retreat
Storage token Filecoin fell 3.6% over the last 24 hours, tracking weakness in the wider cryptocurrency market.
The broader market gauge, the CoinDesk 20 index, was also 3.6% lower at publication time.
Filecoin’s volume ran 30% above the 30-day moving average, though participation failed to breach elevated thresholds that typically confirm directional conviction, according to CoinDesk Research’s technical analysis model.
The model showed that the token exhibited range-bound volatility. Total range measured $0.08 (5.0%) with a session high of $1.61 and low of $1.52.
The most significant volume event materialized yesterday evening when participation spiked to 7.30 million, 95% above the 24-hour simple moving average of 3.74…
