📌 FIL Weekly Market Situation
FIL spent the week under strong selling pressure as it broke key support levels, triggering a fast downside move.
Price slipped from the mid-$2.60 range toward the $2.30–$2.35 zone, with volume spiking well above average — a clear sign of risk-off sentiment.
Market structure has turned short-term bearish:
Lower highs forming
Momentum cooling
Buyers showing weak defense at previous support
Volatility rising as liquidity thins
On the fundamental side, Filecoin’s ongoing network upgrades continue to strengthen its long-term technical roadmap, but the market is currently reacting more to macro pressure than protocol progress.
Takeaway: FIL remains in a fragile position. Until stronger volume steps back in, sellers maintain control.