Filecoin falls on above-average volume, drops below $1.30 support amid wider slide

Filecoin experienced a significant decline in value as it traded on volume that exceeded its average levels. This downturn resulted in the cryptocurrency falling below the crucial support level of $1.30, which has been a key price point for traders. This drop occurred amidst a broader downturn in the market, where many cryptocurrencies and related assets are facing downward pressure, leading to a general sense of unease among investors. As a result, Filecoin's price movement reflects the overall trend of decline in the cryptocurrency sector at this time. source: https://www.coindesk.com/markets/2025/12/16/filecoin-falls-on-above-average-volume-drops-below-usd1-30-support-amid-wider-slide