FIL just dropped 2.12% to $1.47. Not exactly what holders wanted to see.
The charts aren't helping either. Price sitting below major moving averages, MACD flashing red signals, and RSI parked at 41—neutral territory but leaning weak. Technical picture? Not great.
Bigger issue might be the narrative. Decentralized storage demand isn't keeping pace. Arweave and Bittensor are pulling attention elsewhere, and FIL's struggling to reclaim mindshare in its own sector.
Zoom out to the broader market: BTC dominance at 58.6%. Altcoin Season Index? A brutal 19. That means liquidity is tight for alts right now. When Bitcoin holds this much weight, smaller caps get squeezed. FIL's no exception.
So what's the play? Watch for demand shifts in the storage sector. If BTC dominance starts cracking and alts catch a bid, FIL might get some oxygen. Until then, it's a waiting game.
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fren_with_benefits
· 2h ago
fil has fallen again, and now we really have to wait for BTC to let go
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mev_me_maybe
· 4h ago
fell again, FIL wants to lie flat. With such a strong BTC blood-sucking mechanism, is there still a way for small coins to survive?
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wrekt_but_learning
· 4h ago
FIL pulled his hips again... This time it's really a bit uncomfortable, the technical side is completely hopeless, is there any support below?
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MetaverseLandlady
· 4h ago
fil fell again, this time there is really nothing good...
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0xLostKey
· 4h ago
This wave of FIL decline is really a bit uncomfortable, but it's normal, now the whole alt season is dead, the BTC vampire machine is on, and the small currency has no way to survive
FIL just dropped 2.12% to $1.47. Not exactly what holders wanted to see.
The charts aren't helping either. Price sitting below major moving averages, MACD flashing red signals, and RSI parked at 41—neutral territory but leaning weak. Technical picture? Not great.
Bigger issue might be the narrative. Decentralized storage demand isn't keeping pace. Arweave and Bittensor are pulling attention elsewhere, and FIL's struggling to reclaim mindshare in its own sector.
Zoom out to the broader market: BTC dominance at 58.6%. Altcoin Season Index? A brutal 19. That means liquidity is tight for alts right now. When Bitcoin holds this much weight, smaller caps get squeezed. FIL's no exception.
So what's the play? Watch for demand shifts in the storage sector. If BTC dominance starts cracking and alts catch a bid, FIL might get some oxygen. Until then, it's a waiting game.