FILE Price Stalls at $0.80 Amid Overwhelming Sell Pressure

FILE's price has stalled at $0.80 due to a lack of momentum and overwhelming taker sell flow, according to Lawrence Jengar.

The SMA 200 is acting as a ceiling overhead, with price having been rejected from the exact level of $0.85 in a single session.

A retest of the $0.76 support cluster within the next 7-10 days is considered a primary scenario (65% probability), while a bullish resolution could see FILE hold $0.78 on any dip and potentially retest $0.84 within 2 weeks.

The burden of proof lies with the bulls, as whales may be positioned for an upside move but are also capable of running a stop-hunting squeeze before reversing.