Filecoin Tumbles 6% as Institutional Selling Overwhelms Key Support Levels
Filecoin (FIL) faced a sharp 5.8% decline over the past 24 hours, plummeting from $2.569 to $2.406 amid heavy selling pressure, with trading volume spiking to 7 million FIL during peak liquidation hours . The breakdown of the critical $2.52 support level—previously stable during early trading—triggered accelerated selling, pushing FIL to test the $2.41–$2.42 consolidation zone….