Wire plunges 6% as the sales pressure increases, the cryptographic market retracts

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crushed 5.6% during the 24 -hour negotiation session of July 14, 10:00 a.m. UTC on July 15, 9:00 a.m. UTC, from $ 2.66 to $ 2.51, according to the CoindSk Research technical analysis model.

The model shows that the token has displayed an intraday volatile movement of 7.52%.

The showers in the decentralized storage network token came while the wider cryptography market also dropped, with the wider market gauge, the Coindesk 20, recently down 3.8%.

Flecoin recently announced a partnership with Blockchain Avalanche, aimed at optimizing smart contract management and data storage.

During recent negotiations, Fil was down 5.6% over 24 hours, exchanging around $ 2.51.

Technical analysis:

  • The price went from $ 2.66 to $ 2.51, a decrease of 5.6%
  • Resistance solidified at $ 2.66 with a support forming approximately $ 2.50.
  • The heaviest sale pressure strikes on July 14, 14: 00-03: 00 UTC window in price cascades from $ 2.65 to $ 2.46.
  • The volume models show high activity during the decline phases, in particular on July 15, between 02: 00-03: 00 UTC, with volumes exceeding 6.3 million.
  • The two -phase movement model has an initial consolidation followed by an ascending moment starting of 09:01 UTC.
  • Institutional interest emerges at lower levels with volumes above 71,000 at 09:19 UTC.

Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to ensure accuracy and membership of our standards. For more information, see the complete Coindesk AI policy.

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