Bears Dominate FILE Price Action as Token Trades Below Key Moving Averages

FILE's recent price action has been dominated by bears, with the token trading below every meaningful moving average. The RSI is grinding in the low-to-mid 40s, a zone where sellers re-enter after shallow bounces, not where buyers accumulate.

The stochastic is sitting in oversold territory, but there's no crossover and no hook higher yet, indicating that oversold conditions can persist for longer than expected. The MACD histogram is at dead zero, indicating exhaustion without conviction.

Spot volume is thin, and the taker buy/sell ratio of 0.90 indicates more market sell orders are hitting the book than market buy orders. This suggests aggressive actors in the market are sellers, not buyers.