A few days ago, the price of $FIL was around 0.94300, but now it's dropped to 0.89500. At one point, it even dipped below the low of 0.89400, touching 0.87600. Right now, the price is at the bottom of the 7-day range, and the key is whether it can stabilize and bounce back from here.
The reason I say this is that the trend for $FIL is currently bearish, and the trading volume is shrinking. This means there's not enough buying pressure to effectively support the price. Moreover, there’s noticeable resistance above, especially at the 0.94500 level, which is putting strong pressure on the price.
Next, we’ll closely watch if $FIL can hold steady at the support level of 0.87600. If it can successfully bounce back, it might test the resistance level above at 0.94500. Otherwise, we could see it continue to seek lower lows.
#Filecoin #技术分析 #trading diary
The reason I say this is that the trend for $FIL is currently bearish, and the trading volume is shrinking. This means there's not enough buying pressure to effectively support the price. Moreover, there’s noticeable resistance above, especially at the 0.94500 level, which is putting strong pressure on the price.
Next, we’ll closely watch if $FIL can hold steady at the support level of 0.87600. If it can successfully bounce back, it might test the resistance level above at 0.94500. Otherwise, we could see it continue to seek lower lows.
#Filecoin #技术分析 #trading diary