Filecoin (FIL) Price Crashes Below $1.30 Support Level on High Trading Volume

The Filecoin (FIL) cryptocurrency has experienced a significant price decline, breaking below the crucial $1.30 support level. This drop occurred alongside a notable surge in trading volume, indicating strong selling pressure in the market. The move is part of a broader downward trend affecting the digital asset sector, with FIL underperforming amidst widespread market weakness. Analysts are closely watching the next potential support zones as the token faces increased volatility. The breach of this key technical level suggests a bearish momentum shift for Filecoin in the near term.