(Chart by TradingView)
In early February, the Filecoin alligator plummeted to about $20. However, it has since moved up and down to its current price.
Now, the MACD (Moving Average Convergence Divergence) oscillator is in a bearish position. This indicates that the price of this asset is falling.
Meanwhile, the Stochastic RSI (Relative Strength Index) oscillator seems to be in an oversold area. This means that the market price of this asset is lower than its intrinsic price.
At this point, we can see that the alligator's mouth is open in a downward direction. Is it still down, or is it time to sleep?
Let's continue following the adventure of this Filecoin alligator.