@leravergon
Filecoin (FIL) Price Dependent on Cryptocurrency Market Sentiment as Markets Look to Avoid Further Losses Filecoin (FIL) holders are cautious and their eagerness to sell the asset could complicate the price recovery. Filecoin price is under pressure from skepticism. The altcoin has been steadily declining on the daily charts. The Relative Strength Index (RSI) confirms this trend. It has fallen sharply below the neutral line after a steady rise. This shows that bearish sentiment and selling pressure are increasing. In addition, the FIL funding rate has turned negative for the first time in two weeks. This sudden change is a significant indicator of investor expectations and reflects broader concerns about market stability. The funding rate provides a balance between long and short positions in the perpetual futures market. Positive values indicate dominance of long contracts and mean that the contract price is higher than the spot price.
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