Filecoin price has reached an important demand zone twice this week.
Trading volume surged 48% overnight as sellers turned aggressive.
Money Flow Index (MFI) reached below 50 points, FIL could put crypto in trouble.
Filecoin price is suffering from weak market conditions. Although the highly weighted coins in the crypto markets have already recovered after the collapse of FTX, many altcoins still exist near their yearly lows. Thus, FIL crypto is caught in a situation where the price may fall further at any moment.
Filecoin price is trading at $4.17 against the USDT price at the time of writing. After the green candle of 13th December, the buyers have seen selling pressure since last night. Thus, the market capitalization decreased by 3.9% to $1.42 billion in the last 24 hours. The market cap is witnessing a monthly low, which compels the bears to take more profits.
FIL on 4 Hour Chart
Source: FIL/USDT by Tradingview
Filecoin prices have retested the vital demand zone several times
We współpracy z: https://www.thecoinrepublic.com/2022/12/15/filecoin-price-prediction-bears-aim-to-break-4-0-level-this-week-can-sell/
