FIL Token Holds Key Support Amid 4.88% Drop; Analysts Predict Sideways Trading Through June

Filecoin (FILUSDT) is trading at $2.165 on Binance, reflecting a 4.88% decline over the past 24 hours from an open of $2.276, with a reported 24-hour trading volume of 14.8 million USDT. The price drop can be attributed to recent technical factors, including FILUSDT remaining above the support trendline of a falling wedge pattern while facing resistance at the 21-day moving average, as well as broader market cooling following a period of volatility earlier in June. Despite Filecoin's recognition as a top-performing cryptocurrency for June and ongoing developments in its decentralized storage ecosystem, short-term forecasts suggest limited price movement, with analysts expecting FIL to trade sideways in the $2.17–$2.44 range through late June. Overall, Filecoin continues to attract attention for its technology and market position, but immediate price action is being shaped primarily by technical resistance and recent support level breaches.