Filecoin Plummets 6%—Key $2.38 Support Crumples Like a Meme Coin’s Promises

Filecoin's floor just gave way—dropping over 6% and smashing through the critical $2.38 support level. Traders are left scrambling as the decentralized storage token wobbles like a crypto newbie after their first futures trade.

Technical Breakdown:
The breach signals potential downside ahead—market sentiment's colder than a Bitcoin maxi's take on NFTs. Liquidity pools might get tested if bulls don't step in soon.

Why It Matters:
Filecoin's not just another altcoin—it's the backbone of Web3 storage. But today? It's acting more like a speculative pawn in crypto's endless volatility game. (Another win for 'store of value' narratives, right?)

Watch for a retest of $2.38—if resistance holds now, we're looking at a classic 'support-turned-ceiling' scenario. Either way, grab popcorn—this is decentralized finance, where the only certainty is leverage-induced chaos.