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FIL has just suffered a severe hit, falling by 11.3% to $2.12 – the worst performer among many tokens today. The key support range between $2.40 and $2.50? Disappeared. This drop triggered a wave of stop loss orders, with data showing: 24-hour volume surged by 137%.
Retail holders are clearly feeling uneasy. Meanwhile, Grayscale has quietly increased its holdings by 2.2 million FIL. However, the broader sentiment tells a different story - the Fear and Greed Index is at 26, deeply entrenched in the fear zone.
Is this a yield or the beginning of something worse? The price trend indicates that if the support level is not held quickly, there may be more downward situations.