Filecoin plummets by 7% due to increased selling pressure

Filecoin (FIL) saw a significant decline of 7% in the last 24 hours, falling from 2.39 USD to 2.23 USD as selling pressure intensified at the resistance level.

The market dynamics showed heavy trading activity with 5.92 million tokens exchanged, significantly above the daily average. Even though the price fell, bulls defended the critical support at 2.23 USD.

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