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Displayed high volatility with a commercial range of more than 6% in the last 24 hours, according to the Technical Analysis model of Coindesk Research.
The token broken the key support at $ 2.38 in high volume, the model showed.
The Ai Singularitynet platform has chosen FLECOIN for the storage of metadata via Lighthouse, according to an article on X.
During recent negotiations, Fil was down 4.6% over 24 hours, exchanging around $ 2.36.
The drop in flelectin came while the wider cryptography market also dropped, with the wider market gauge, the Coindesk 20, recently less than 3.6%.
Technical analysis:
- Flecoin met with a large lower momentum during the period 24 hours a day.
- Cryptocurrency violated the essential support of $ 2.38 during the negotiation periods overnight, volume overvoltages reaching 7.54 million indicating potential institutional distribution activity
- Descending channel model formed during the last 60 minutes of the negotiation period.
- Failure to recover the main technical levels suggesting a continuous decrease momentum.
- Fil has demonstrated recovery signals in the last hour, going to $ 2.35 with a strong purchase interest and volume peaks of 91,211 shares.
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