$FIL moves quietly at $1.335, and the technical indicators currently do not provide complete clarity on the trend.
What stands out is the behavior of "smart money":
Many whales have entered short positions, reducing the buying ratio by 10.7% – a sign of a shift in expectations towards a downturn.
The whales who bought at 1.43 are now at a loss, while those who opened shorts around 1.46 have started to make profits.
⬅️ If the price breaks 1.32, we might see additional selling pressure and liquidation of long positions.
On another note, there is an intriguing technical pattern: the "bearish bat" – which usually indicates a potential bullish reversal.
⬅️ If the price breaks 1.37 with strong trading volume, we might see a wave of increase towards 1.50–1.55.
But in the long term?
The issue of decentralized storage that $FIL offers is still strong.
And if the price touches the 1.20–1.25 areas, this could be an excellent accumulation opportunity for investors.
Are you watching? Or ready to enter? The decision is yours. 👀
