Filecoin Price Returns to $1.20 After Two Failed Attempts

FIL traded near $1.18 on October 6, with the daily candle still open. The price remained below the September swing high of $1.2295, leaving the market inside the same range that has defined Filecoin’s recent attempts to recover.

$1.20 has already stopped Filecoin twice

The $1.19-$1.23 range carries more weight than a round number. On the weekly chart from TradingView, it failed to hold as support in January. Filecoin moved above it during the May rebound, but sellers soon forced the price back beneath the area.

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