Status of open interest

Open Interest (OI) has decreased in recent weeks. On August 17-20, the altcoin fell below $3.6. This created the bear order block. Since then, Ol has remained calm. However, on some days, remarkable movements emerged. We can say that investors are not yet ready to invest aggressively in Filecoin. If a breakout is seen at the dollar 3.6 level, an increase in Ol is more likely.
Between August 17 and 20, Filecoin fell below $3.6 and retested the same area as resistance, creating a bearish order block. Since then, Open Interest (OI) has remained under pressure. However, it saw significant increases over several days.
On the other hand, speculators from Ol have not yet
Betting aggressively on Filecoin
We can conclude that they are not ready. 3.6
A break above the dollar will cause an increase in Ol
will be. However, this may take days or days to happen.
It may take weeks. Meanwhile, altcoin investors are
They may consider trading in the range.
There is important news from Filecoin
Filecoin has appeared on multiple bull lists this week. The altcoin is currently trading close to critical supports. Today Filecoin (FIL) price reached $3.19. This indicates a price drop of 0.83% in the last 24 hours and specifically a price drop of 5.09% in the past 7 days.
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