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Filecoin Crashes Through $2.52 Support With 6% Nosedive – Is This a Buying Opportunity?

Filecoin Crashes Through $2.52 Support With 6% Nosedive – Is This a Buying Opportunity?

Author:
Coindesk
Published:
2025-06-17 16:06:42
4
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Filecoin Plunges 6% On Heavy Volume, Breaks Technical Support at $2.52 Level

Filecoin''s decentralized storage token just took a brutal hit—plunging 6% on heavy volume as bears smashed through critical technical support at $2.52.

Blood in the streets or bargain hunting season?

The breakdown suggests weakening confidence among traders, with the drop accelerating once the $2.52 floor gave way. Volume spiked during the sell-off—classic capitulation behavior or just another day in crypto''s casino economy?

Meanwhile, ''traditional'' investors are still trying to figure out if Web3 storage tokens count as a real asset class or just digital hopium. Either way, someone''s getting rekt.

|Square

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