Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
FIL drops 3.6% to $1.52, can it hold the support level?
【Crypto World】Filecoin has declined to $1.5218 in the past 24 hours, a drop of 3.6%, as the entire crypto market is experiencing a correction. Trading activity, however, has increased—24-hour trading volume is 30% higher than the 30-day moving average, and last night it even surged to 7.3 million tokens, a 95% increase over the average level.
In terms of price performance, FIL has fluctuated within the range of $0.08, with an intraday high of $1.61 and a low of $1.52. Interestingly, when the price approached the $1.60 resistance level, trading volume significantly increased, and then found support around $1.52, forming a range-bound consolidation pattern with repeated tests.
From a technical perspective, support is just above $1.55. If this level is broken, whether $1.52 can hold will become the next focus. Once $1.52 is broken, technical indicators suggest there is still a risk of further decline. Currently, although trading volume is increasing, market confidence still seems somewhat fragile.
The trading volume is surging so strongly, I don't know if institutions are bottom-fishing or if they are about to cut the leeks again
If 1.55 doesn't hold, it will drop straight down, let's watch the show
It feels like repeatedly confirming support, a bit annoying
This price is repeatedly testing, need to wait for the monthly signal before acting
Break the level and run, we're not greedy
Volume is soaring so high, is it long or short? Really tangled
Sounds like the old trick again, first drop then rally
After such a long consolidation, a direction will be chosen sooner or later
Once 1.52 is lost, it will be awkward, need to keep an eye on it
Breaking 1.55 would be troublesome. At that point, it really depends on whether we can hold at 1.52; otherwise, we might continue to test lower levels.
Despite the explosive trading volume, the price is still falling. This pattern feels a bit familiar...
Wait, with 7.3 million tokens traded and volume doubling, is this a dump or a bottom-fishing? It's a bit hard to understand.
The amplitude of FIL is quite large. Short-term trading should be cautious. The resistance at 1.60 hasn't been broken yet.
No, with such high volume, there must be some major players involved. The question is, what are they up to?
If 1.52 breaks, it's really over. The price could drop all the way down. Who will save the market?
---
Trading volume surges but still drops, this signal is a bit strange
---
fil is dropping again, when can I get in, brothers
---
If 1.55 breaks, then we have to see if 1.52 can hold. Right now, it's all about this line
---
Despite such a strong trading volume, it still drops by 3.6%, the main force is probably dumping
---
Support levels are being tested repeatedly, the bears are a bit fierce
---
If 1.52 is lost, the risk of further decline is really high. Maybe we should wait and see
---
The whole market is adjusting, and fil's decline isn't particularly severe
---
This consolidation pattern looks like it's about to break out
---
The key is whether it can hold 1.55; otherwise, a chain reaction will be triggered
---
Trading volume surged by 95%? That's not a good sign... Usually a sign of a dump before a fall
---
If 1.55 breaks, we have to turn bearish. Should we buy the dip or cut losses? Conflicted
---
Watching these support and resistance levels every day is tiring; mining is more stable
---
Why did it drop again? Is it not allowing people to mine properly?
---
This correction is a normal pullback, right? Or is it really going to collapse?
---
7.3 million in trading volume, it looks like someone is dumping