$FIL FIL underperformed in the past 24 hours, barely keeping pace with the overall market. The token rose by 1.48% to $1.40, but this is far behind the broader cryptocurrency market’s +2.2% gain — a clear sign that the bears still hold sway.
On the technical side, there was a slight rebound: RSI bounced from the oversold area at 28 to 36, indicating some buying interest. Immediate support is at $1.37, while resistance zones are concentrated between $1.43 and $1.50 — this area will determine whether momentum can build. But the problem is: trading volume is thin, and industry demand continues to decline. Without genuine buying confidence to support it, any rebound appears temporary. Meanwhile, the Fear and Greed Index remains at 29, reflecting the market’s current cautious sentiment. FIL needs a catalyst or a broader market shift to break through this downtrend.
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$FIL FIL underperformed in the past 24 hours, barely keeping pace with the overall market. The token rose by 1.48% to $1.40, but this is far behind the broader cryptocurrency market’s +2.2% gain — a clear sign that the bears still hold sway.
On the technical side, there was a slight rebound: RSI bounced from the oversold area at 28 to 36, indicating some buying interest. Immediate support is at $1.37, while resistance zones are concentrated between $1.43 and $1.50 — this area will determine whether momentum can build.
But the problem is: trading volume is thin, and industry demand continues to decline. Without genuine buying confidence to support it, any rebound appears temporary. Meanwhile, the Fear and Greed Index remains at 29, reflecting the market’s current cautious sentiment. FIL needs a catalyst or a broader market shift to break through this downtrend.