🔻 FIL/USDT: Filecoin on the brink — ready for a new drop? 📉

07152409418

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Filecoin has lost over 8.5% in a day, breaking important support levels. The asset is currently trading around $2.07 after a pullback from $2.35+. All key moving averages are above the price, indicating a strong downward trend.

⚙️ Technical Analysis:

Price: $2.076

Support: $2.05 (already tested)

Resistance: $2.15 / $2.28

MA7 < MA25 < MA99 — downward trend

Volumes on the drop are high — the asset is being sold off

RSI around 32 — close to the oversold zone, a short rebound is possible

🔴 Trading Plan: Short

Entry: $2.07–2.08

Stop-loss: $2.15

TP1: $2.00

TP2: $1.89

TP3 (if strengthened): $1.75

Attention: a squeeze up to $2.10–2.15 is possible, from where a new downward impulse may begin.

🧠 Analysis:

Filecoin looks vulnerable. After breaking $2.15, the downward movement has intensified. Against the backdrop of weakness across the altcoin market, it has every chance to test $2.00 and below. A long position is possible only upon a close above $2.20.

07152409418

28953740969

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