FILE's Price Bounces Off Lows, But Bulls Face Uphill Battle
FILE's price has been grinding below its entire moving average stack for weeks.
The asset clawed back 3.40% on July 31st, touching a daily high of $0.73 before fading.
This move looks more like a pressure-relief valve than a trend change.
Taker buy volume is running at a 1.22:1 ratio against sell volume in the past hour, suggesting real spot accumulation is quietly underway.