Filecoin [FIL]: Unraveling the ramifications of an extended bearish rally
Since September last year, Filecoin (FIL) has consistently shed its value on the chart. The buyers have failed to propel any trend-altering rally for nearly nine months now. The current market dynamics are visibly playing out in favor of the bears. As a result, FIL saw a pulldown toward its all-time low on 12 May. After gauging the current indications, the alt could continue its squeeze phase near its Point of Control (POC, red). At press time, FIL traded at $8.18, down...