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FILE's Price Bounces Off Lows, But Bulls Face Uphill Battle

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FIL
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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.

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