FILE Price Reversal: Smart Money Sees Dip as Buying Opportunity

FILE has pulled back 4.76% after hitting $1.04, but experts believe this is a dip to buy rather than a trend reversal.

The cryptocurrency's price action is consistent with the broader market compression in altcoins this week, and its correlation to crypto sentiment is undeniable.

The chart shows that FILE is still trading above every major moving average on the board, and its stack of ascending moving averages suggests a sustained trend is in place.