Filecoin tests support as sellers dominate trend
Filecoin (FIL)
Editor:
Eugene Serbin
tradersunion.com reports that Filecoin (FIL) is trading at $1.07 after posting a daily decline of 7.08%. The asset currently sits below its key short- and medium-term moving averages while remaining above its major long-term average. Filecoin engineers have demonstrated a technical system connecting tokenized real estate on Avalanche to deeds stored on Filecoin and fingerprinted using IPFS.
This development showcases the platform's capability to serve as the backend for verifiable on-chain document storage. The feature could broaden adoption prospects in digital asset management and compliance applications. Despite the proof-of-concept highlighting incremental improvements in decentralized data verification, price action has remained under broader selling pressure.
FIL/USD is trading below both its MA-20 and MA-50 on the hourly chart, reflecting persistent bearish pressure. Momentum indicators reveal a predominantly bearish setup with MACD signaling Sell and RSI at 34.15. The baseline scenario projects ongoing consolidation within a range of $0.99 to $1.14 over the next 2–3 trading days. Probabilities favor the downside scenario with a 76% likelihood, while the potential for a technical rebound is less pronounced at 24%.
How the market reacted
Whalio's own Binance spot order flow for FIL, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio data shows FIL trading at $1.14 with a 1-hour buy ratio of 37.3% and a 4-hour buy ratio of 43.0%, compared to a 24-hour buy ratio of 49.1%. The lower short-term buy ratios indicate that buying pressure is fading relative to the daily average. Volume deltas are negative across all timeframes, with -$375,502 in the last hour and -$339,279 over four hours. This negative volume delta means that sellers are executing larger trades than buyers, pushing the price down. The cumulative volume delta for the 24-hour close is -$1,636,053, confirming sustained selling pressure. Net buying occurred in only 5 of the last 24 hours, further highlighting the dominance of sellers.
The latest daily buy ratio of 50.9% sits at the 79th percentile of the last 323 days, against a median of 48.9% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for FIL, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.2%, which is slightly higher than the current 24-hour ratio of 49.1%. This indicates that today's buying activity is roughly in line with the weekly average, differing by just 0.1 points. Spot volume for the day was $12,959,961, which is 0.58 times the weekly average, marking it as an unusually quiet day for trading activity. Only 2 of the past 7 days saw net buying, suggesting a recent trend of seller dominance. Despite this, the price has increased by 21.0% over the last 8 days, even with a total volume delta of -$3,938,310.