Filecoin
Filecoin (FIL) fell more than 10% Monday as a broad cryptocurrency sell-off pushed the CoinDesk 20 Index down nearly 7%, reflecting elevated risk-off sentiment across markets.
Filecoin on November 19 launched Onchain Cloud, a platform that pairs verifiable decentralized storage with on-chain payments to help developers build applications with greater transparency and data ownership.
FIL jumped roughly 200% last week from $1.20 to $3.90 before a sharp correction that erased about 45% of those gains, leaving traders divided on whether a fresh breakout or a deeper sell-off is next. Ongoing Filecoin ecosystem developments and broader market sentiment will be key determinants.
Filecoin (FIL) plunged roughly 10% in 24 hours after losing key supports at $2.50 and $2.40, with volume surging 137% above average. Technicals point to $2.30 as the next bearish target while traders watch for confirmation.
Filecoin (FIL) plunged roughly 10% to $2.34 after breaking critical technical support, according to CoinDesk Research. The move raises fresh questions about downside risk for storage-focused tokens and the broader crypto market.