2025-12-06 08:28:12

Filecoin's getting absolutely wrecked right now.

FIL just crashed to $1.53, down 4.1% — and yeah, it's bleeding worse than most alts today. The whole storage narrative? Looking shaky.

So what's driving this mess?

First off, price broke below that $1.58 support level. Classic technical breakdown triggering a wave of stop losses. When key support fails, the selling pressure snowballs fast.

But it's not just FIL. The entire DePIN and decentralized storage sector is taking heat. Investors are rotating out of infrastructure plays across the board.

And let's talk sentiment — we're deep in fear territory. Fear & Greed Index sitting at 25 out of 100. That's extreme fear, folks.

Critical zone ahead: If FIL can't hold $1.50, things could get uglier. That's the line in the sand right now.

FIL-3.28%

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Layer2Observer

· 12h ago

It's the same old story of support levels breaking down—technically, there's nothing novel about this FIL drop. What's interesting is that the entire DePIN sector is selling off; it's not just a storage narrative issue—investors are systematically exiting the infrastructure track. Let's look at the data: the Fear & Greed Index hitting 25 does indicate extreme fear, but fear itself doesn't equal a bottom. One thing needs to be clarified—breaking support ≠ project problems; it's just the market pricing in sentiment. If that $1.50 line can't hold, there may be more room to fall, but from an engineering perspective, such extreme sentiment often signals a turnaround is brewing.

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MetaMuskRat

· 12-06 08:57

FIL dropped again; the support level didn't hold, something really might go wrong.

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GateUser-cff9c776

· 12-06 08:53

From the perspective of traditional art valuation models, this FIL downturn feels like a negative example of performance art—once the floor price broke, it collapsed across the board, perfectly illustrating bear market philosophy. But wait, can $1.50 really hold? I doubt it. The supply and demand curve has completely flipped. This isn’t a short-term fluctuation; it’s a narrative collapse. The whole DePIN sector is getting bearish, kind of like how nobody bought Van Gogh’s paintings in his time. Still, I feel like there could be a rebound... maybe. Honestly, FIL’s web3 decentralization spirit is great, but the market just isn’t buying it. Extreme fear is often the best time to pick up bargains, right? To be real, all the signals are pointing lower. If $1.50 breaks, it could head straight for $1.20. This pattern feels all too familiar.

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MiningDisasterSurvivor

· 12-06 08:47

I've been through it all, not breaking $1.50 would be the real joke. During the 2018 mining crash, FIL wasn't even $0.1, so this drop is nothing... The whole DePIN narrative is just old wine in a new bottle, another round of project teams making big promises.

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BlockchainArchaeologist

· 12-06 08:42

FIL dropped again, this time it's really a bit scary. People are losing confidence. Can the 1.5 line hold? I think it's doubtful.

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FomoAnxiety

· 12-06 08:37

FIL has dropped again; this time it really seems a bit risky.

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