FILE Price Action Suggests Loss of Buyers Amid Bearish Market Trend

The native cryptocurrency FILE is trading at $0.70, and its price action suggests it's losing buyers. The token has been down nearly 3% on the session and is pinned at its absolute low of its 24-hour range.

This type of price action can be more dangerous than a sharp drop because it doesn't trigger panic capitulation that resets sentiment; it just exhausts anyone holding with conviction.

FILE lives and dies by macro risk appetite, Bitcoin's trend, and DeFi/Layer-1 sector rotation. With no significant catalyst driving FILE-specific narrative right now, this token is purely a beta trade on crypto market sentiment, and that sentiment has turned sour near-term.