(Chart by TradingView)
Until about February 7, the Ultimate Moving Average price of Filecoin kept falling until it was almost $20. It then started to rise for a while and then descend again until now.
During that time, the SuperTrend indicator stayed in a short position and has not moved to give a buy signal.
On the other hand, the Squeeze Momentum indicator, which was previously in a bearish position, briefly changed to a bullish position and eventually returned to bearish again with relatively large volatility.
Is the price trend of Filecoin dropping further? And is it really not time to buy yet?
Let's continue to monitor Filecoin's price fluctuations.