Bearish Trend Dominates FILE Market Amid Aggressive Sell-Side Taker Flow

The current price of FILE is $0.70, but despite the presence of long positions from retail and top traders, aggressive sell-side taker flow dominates the market.

According to the data, taker selling outpaces buying by a ratio of 0.76, indicating that traders are selling with real money while maintaining long positions on paper.

The moving average structure is bearish, with every major average at or above the current price forming a layered wall of resistance.