Filecoin price
Filecoin’s price has declined to a 52-week low of $1.47, following a 7% drop last week. The decline highlights significant selling pressure that continues to dominate the market.
The relative strength index (RSI) indicates that Filecoin is currently in deeply oversold conditions. Despite this, sellers remain in control, preventing any significant turnaround in price.
As the cryptocurrency nears critical support levels, the market’s response will be closely watched. Investors are keen to see whether these support levels will hold against the prevailing selling pressure.
Continued monitoring of market indicators will be essential in assessing the potential recovery for Filecoin. If the current trend persists, further declines could follow, impacting overall investor sentiment.
