Filecoin (FIL) Sells Off After Delivering Grayscale-Driven Bumper Rally

Filecoin dropped ahead of hitting its previous record high, near $273.57, prompted by profit-taking among traders.

FIL Market Outlook

The FIL/USD exchange rate slipped closed Thursday down 2.82 percent despite logging its second-best historic level of $239.94 in the same session. Traders started securing their profits at the local top amid falling bids, leading to a 22.65 percent decline ahead of the session’s end.

Filecoin stabilizes near $180 after its recent rally. Source: FILUSD on TradingView.comFilecoin stabilizes near $180 after its recent rally. Source: FILUSD on TradingView.com

Friday was slightly better as Filecoin attempted a brief rebound. The coin managed to float above its newfound support area near $180 while pursuing a retest of its recent high of $239.94. Its revival following the

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