FIL 12h Grow Impossible Fall (make sentence yourself)
Updated
Volatile FILUSDT trades do not have a very long history, although the FIL token itself can be considered a dinosaur on the crypto market.
We wrote a lot of interesting things about the Filecoin project and the FIL token in the previous idea, we recommend you review it.
In our opinion, the FIL token has many interested large players.
Among the main signs that will confirm our assumptions are:
- almost no FILUSDT dependence of BTC behavior;
- a long stay in narrow consolidations, and then powerful price splashes for no reason at all;
- after price splashes, its value is easily brought down to the desired value, leaving behind large shadows. In particular, over the past month, this happened at least three times.
FIL has been added to all possible trading platforms with maximum leverage for "those who want to make quick money". Although in fact, 5% earns are manipulators who control the price movement of the token and maybe 5% of the lucky ones who did not catch the margin call.
Therefore, it is impossible to predict the future wishes of the large players in this coin. But if we look at the picture from the TA point of view, then the trading range has narrowed significantly.
A break and fixing below $29.60 is more likely, with a continuation of the fall towards at least to $27.36.
The trend line upper limit, from which the price is strongly driven down, is in the zone of $32.50.
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