$FIL has retraced 99.68% from its all-time high and is currently trading at $0.74, hitting a multi-year low. It has declined nearly 4% in the past 24 hours and is down over 70% over the past 52 weeks, with the decentralized storage narrative largely失效. Technical indicators and fundamentals are weakening in tandem, as buying pressure continues to retreat. Without a new genuine demand story, $FIL’s downward trend will not reverse on its own.
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