Filecoin (FIL) Price Drops 7%, Breaks Critical $1.43 Support Level

The Filecoin (FIL) cryptocurrency has experienced a significant decline of 7% in its market value. This downward movement led to the price breaking below the crucial technical support level of $1.43. The breach of this key support zone is a bearish signal for traders and investors, often indicating potential for further downside. Market analysts are closely monitoring the FIL/USD pair for the next levels of support and any signs of a possible recovery or continuation of the downtrend. This price action highlights the current volatility and selling pressure within the Filecoin market.