Filecoin (FIL), one of the closely watched names of crypto money markets, has highly fluctuated in the last 24 -hour period. According to Coindesk Research’s technical analysis model, FIL’s transaction range exceeded 6 percent. Filecoin’s transaction volume and price movements were carefully followed by investors.
Technical Analysis and Market Movements
FIL broke the $ 2.38 band, which is seen as a key support level, with a high transaction volume. According to the analysis model, the reaction of the volume increase at this level reached 7.54 million.
Within the scope of the market, the Coindesk 20 index decreased by 3.6 percent. Sales pressure on Filecoin occurred in parallel with the general negative tendency in the market. The price of FIL, decreased by 4.6 percent in the last 24 hours and fell to $ 2.36.
Technically, it was observed that a downward channel was formed at the end of the 24 -hour period. Investors discussed the potential and technical indicators of the price recovery in the short term.
Filecoin and Singularitynet cooperation
Singularitynet, the Artificial Intelligence Platform, has been announced that Filecoin technology is preferred to store data. Filecoin used the Lighthouse solution for Metadata storage. Singularitynet’s X social media platform presented in the sharing of the details of this cooperation.
Sengularitynet management, “the safe and sustainable storage of our data, we chose the FileCoin and Lighthouse solution,” he said.
This development was evaluated as Filecoin strengthens his role in the blocky world. Experts, inter -platform collaborations can support the ecosystem, he said.
Market Orientation and Expectations
FIL’s failure to regain the existing technical levels, pointed out that the downward course could continue for a while. However, the purchase volume and price movements seen at the end of the day in the market were evaluated as it is possible to recover in the short term.
Experts recommended the technical indicators to be closely monitored. The observers continue to evaluate whether the rising transaction volume and projects for Filecoin will be effective in the long run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
