Filecoin is looking at possible further losses after a bearish breakout and weak BTC price action.
fails to flash any sign of strength near the $29.0k, any drop below the $29k psychological level could set altcoins, including FIL, to further losses.Source: FIL/USDT on TradingView
Price chart indicators suggest that sellers could accomplish the task. The Relative Strength Index has made lower lows in the past few weeks, denoting a decline in buying pressure and an uptick in selling pressure.
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