Filecoin cryptocurrency can be expected to fall further to the next support level 0.666 (which has been steadily reversing the price from June).
- Filecoin reversed from resistance zone
- Likely to fall to support level 0.666
Filecoin cryptocurrency recently reversed down from the resistance zone lying between the key resistance level 0.835 (which has been reversing the price from the middle of June, as can be seen from the daily Filecoin chart below), upper daily Bollinger Band and the 50% Fibonacci correction of the earlier downward impulse from the start of May. The downward reversal from this resistance zone accelerated stopped the c-wave of the earlier minor ABC correction 2.
Given the resumption of the bearish sentiment across the crypto markets and the overriding daily downtrend , Filecoin cryptocurrency can be expected to fall further to the next support level 0.666 (which has been steadily reversing the price from June).