Filecoin (FIL) plummets 12% despite growing ecosystem and Grayscale recognition

Filecoin (FIL) is facing a significant downturn, with its price dropping to approximately $4.18, marking a 12% decline from recent highs. This drop comes after a sharp 8.5% decrease in just one day, raising concerns about the token’s near-term performance. If the current downtrend continues, FIL could test critical support levels around $4.00 and potentially

Source: Invezz