FILE's Momentum Exhaustion Signals Bearish Shift

FILE is struggling to hold its ground after a sharp -7.67% intraday drop, leaving it sitting on its daily low at $1.06.

The token had been building momentum, reclaiming the SMA 200 at $0.85 and printing a respectable base above all major moving averages.

However, momentum indicators are now flashing red, with the MACD histogram zeroing out and the RSI rolling over at mid-range ceiling.

The global long/short ratio is skewed in favor of bulls, but order flow data suggests that smart money is taking liquidity on the way down.