Filecoin (FIL) is a decentralized data storage blockchain where participants pay FIL to store and retrieve data, positioning it in the DePIN and distributed storage segment.
The price currently trades around roughly $0.95 USD (~৳85 BDT) after a recent bounce tied to broader market strength, though it still remains far below its all‑time highs from 2021.
FIL’s performance often correlates with broader crypto sentiment and Bitcoin’s trends; recent oversold conditions have led to short relief rallies from key support zones.
Protocol upgrades — including Onchain Cloud and FEVM enhancements — are expanding utility, potentially increasing developer activity and demand for FIL.
Market liquidity is moderate with decent trading volume, but FIL’s price remains subject to volatility and macro risk‑off moves in crypto.
Technical outlook suggests that defending support near ~$0.88–$1.00 is key for short‑term stability; failure below could lead to further weakness.
@Filecoin $FIL #Filconfinance #fil