Filecoin (FIL) price dips to $2.36, marking a 7.77% decrease in 24 hours and approaching the critical support level of $2.00.
The price breakdown below the consolidation range indicates renewed bearish momentum, with technical indicators like RSI and MACD pointing towards further downside.
If the price falls below $2.00, Filecoin may move towards $1.80, last seen in early 2023, highlighting the increasing bearish pressure.
Filecoin remains in a persistent downtrend following a failed rally in December 2024, with limited buying interest and ongoing bearish sentiment in the market.