Storage network maintains utility but token faces broad infrastructure rotation.
What's Happening:
$FIL falls 6.64% to $1.25 amid infrastructure sector selling
Decentralized storage utility unaffected but token correlates with market
24h range from $1.22 to $1.34 shows moderate pressure
Fear & Greed at 24 hitting all infrastructure tokens
Why It Matters: Filecoin's storage network continues to grow, but the token is subject to broader market sentiment. Infrastructure plays are long-term bets that face short-term correlation during fear events.
Technical View: FIL testing $1.25 support. Critical floor at $1.22 (24h low). Resistance at $1.34. Storage metrics decoupled from token price in short-term.
🎯 Key Levels:
Support: $1.22 | Resistance: $1.34
24h Range: $1.22 - $1.34
💡 Storage demand is growing - but token price follows market in fear
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Filecoin #FIL #DecentralizedStorage #Web3 #Infrastructure
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.
