🗂 Filecoin ( $FIL ): Decentralized Storage Under Pressure

Market capitalization: $1.09 billion.

Filecoin is a decentralized data storage network built on the IPFS protocol.

🟡 The project competes with centralized giants like Google Drive and Dropbox, offering distributed storage with blockchain-guaranteed security.

🟡 The FIL token is used to pay for storage services and reward miners.

What's happening now❔

🗣Filecoin is going through a difficult period. The price has dropped to $1.39, which is 80.5% below last year's figures (when FIL was trading around $7.14). Over the past week, the token fell 5.8%, significantly lagging behind the broader crypto market, which grew 0.80%.

🗣Interesting point: trading volume increased 50% above the weekly average, while the price itself barely moved.

🗣Technical analysts call this a sign of a "distribution pattern" – when sellers are actively exiting positions, but demand is still holding the price at current levels.
This situation creates equilibrium but also signals possible volatility in the near term.

🗣Positive moments: In November, Filecoin introduced Onchain Cloud – a platform for AI and enterprise data storage with verifiable smart contracts.

🗣Early partners include Ethereum Name Service (ENS) and decentralized AI project Monad. A cross-chain partnership with Avalanche has also been established to connect smart contracts to Filecoin storage.

🗣Negative factors: Despite technological achievements, FIL is trading below the 50-day and 200-day moving averages. RSI is in a weak zone around 40, indicating fading bullish momentum. The network has 1,100 PiB of enterprise storage contracts, but this is not yet reflected in the token price.

Trading guidelines:📈 📉

📈 A breakout above $1.59 could open the path to recovery.
📉 A breakdown below $1.365 threatens a drop to 2025's low of $1.27.

Conclusion:
The foundation is strong, partnerships exist, but seller pressure persists. FIL requires careful monitoring of key levels.

📈 Open trade with $FIL ‌🔗 Chat • X • HRUMfamily