Filecoin Price Falls 0.3% Amid Weak Market Performance

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Filecoin (FIL) dropped 0.3% to $1.48 in the last 24 hours, underperforming the broader cryptocurrency market. The CoinDesk 20 index rose 2.2% during the same period. FIL has remained stable within a $0.11 range, with a key support level at $1.48 holding firm. A surge in trading volume on December 9 pushed activity 50% above the 7-day average, signaling potential institutional interest. Price action has formed a descending channel between $1.58 and $1.49, with the next upside target at $1.49. Filecoin remains among altcoins to watch as the cryptocurrency market consolidates.
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