Filecoin faces selling pressure as decentralized storage network continues infrastructure build-out.
What's Happening:
FIL trading at $1.29, down 2.85% in weekend weakness
Decentralized storage network expanding capacity and utility
Competition from centralized cloud providers remains intense
Fear & Greed at 29 reflecting broader market caution
Why It Matters:
Filecoin bet on decentralized storage before it was trendy. As data sovereignty concerns grow and AI demands massive storage, FIL's infrastructure becomes strategic. The network effect is building—more storage providers mean better prices and reliability for users.
Technical View:
$FIL under significant pressure, down 2.85% and testing support at $1.25. The token needs to hold this level to avoid further decline toward $1.10. Resistance at $1.45 must be reclaimed for any recovery attempt. Current weakness tests long-term holder conviction.
🎯 Key Levels:
Support: $1.25 | Resistance: $1.45
24h Range: $1.27 - $1.34
💡 When data sovereignty matters, Filecoin's decentralized storage wins.
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Filecoin #FIL #Storage #Web3 #Decentralized
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
