Filecoin $FIL Price Analysis
Filecoin experienced significant volatility over the past week, reflecting a predominantly bearish trend with intermittent recoveries. On June 13, FIL hit a low of $2.33 before closing at $2.46. The bearish momentum continued over the weekend, with declines of 1.41% on Saturday and 0.58% on Sunday, settling at $2.41. On Monday, FIL briefly surged to an intraday high of $2.56 but failed to sustain the momentum, closing at $2.46. The downward trend resumed on Tuesday, with a nearly 3% drop to $2.39. Wednesday saw heightened volatility as buyers and sellers vied for control, but sellers prevailed, pushing FIL down marginally to $2.38.
The selling pressure intensified on Thursday, with a 1.80% decline to $2.34, followed by a sharper 4% drop on Friday, settling at $2.24. The bearish trend persisted into Saturday, with FIL falling 3.44% to $2.17. On Sunday, the price plummeted to an intraday low of $1.96 amid strong selling pressure but managed a partial recovery to close at $2.06, down nearly 5%. Bullish sentiment returned on Monday, driving a robust 9% rally to $2.25. As of the current session, FIL is trading at approximately $2.28, up 1.28%, signaling cautious optimism amid ongoing market fluctuations.
