Filecoin Faces High Volatility with Key Support Level Breach
Main Idea
Filecoin (FIL) experienced significant volatility, breaking a key support level, while its collaboration with SingularityNET was highlighted as a strengthening move in the blockchain space.
Key Points
1. Filecoin (FIL) exhibited high volatility, with a trading range exceeding 6% and a 4.6% price drop in 24 hours.
2. FIL broke below the crucial support level of $2.38, with substantial trading volume indicating institutional involvement.
3. The CoinDesk 20 index declined by 3.6%, reflecting broader market trends.
4. SingularityNET announced a collaboration with Filecoin, which was seen as enhancing Filecoin's role in blockchain.
5. Experts noted that cross-platform collaborations could have long-term impacts, but advised monitoring technical indicators due to ongoing volatility.
Description
Filecoin showed significant volatility, falling by 4.6% to $2.36. FIL broke the $2.38 support with substantial institutional involvement. Continue Reading: Filecoin Faces High Volatility with Key Support Level Breach The post Filecoin Faces High Volatility with Key Support Level Breach appeared first on COINTURK NEWS .
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