FIL Token Holds Strong Market Activity Amid 4.79% Drop and Key Support Break

Filecoin (FILUSDT) is currently trading at $2.185 on Binance, reflecting a 4.79% decline over the past 24 hours from an open of $2.295. The recent price decrease can be attributed to broader market consolidation and a continuation of the downward momentum observed after FIL broke below key support at $2.54 earlier in June, as well as subdued trading sentiment despite bullish technical forecasts noted mid-month. While Filecoin has been highlighted in the news for its foundational Web3 role and strong ecosystem positioning, these positive developments have not yet translated into upward price movement, with the asset consolidating at lower support levels. Over the past week, FILUSDT recorded a trading volume of 3.62 million FIL and liquidity exceeding $8.16 million, indicating sustained market activity and engagement despite the current price pressure.