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Filecoin’s [FIL] recovery slowed – Can bulls sustain the momentum?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Filecoin’s [FIL] market structure weakened at the end of February but started March positively.

It fell from $9.5 to $6.5, a 32% plunge, but fronted an impressive recovery on 1 March. However, the recovery was at stake, at the time of writing, after facing a price rejection at $7.263.

Is your portfolio green? Check out the FIL Profit Calculator Source: FIL/USDT on TradingView From 25 February, FIL consolidated significantly within the $6.693 – $6.926 range before breaking below and toiling underneath the descending line.

But it broke above the descending line on 1 March, setting FIL for a short-term recovery. But the price rejection at $7.263 could delay the recovery.

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