According to @StockMKTNewz, Filecoin (FIL) has exhibited significant volatility, with technical analysis models showing conflicting signals for traders. Initially, FIL surged, establishing strong support around the $2.24-$2.25 zone and breaking above $2.27 on significantly above-average volume, suggesting bullish momentum. However, this was followed by a sharp 5.8% decline where FIL broke its critical technical support level at $2.52 amid heavy selling volume. The analysis indicates that new support has formed in the $2.41-$2.42 range, while new resistance is established at $2.56. A subsequent recovery attempt met resistance at $2.420, suggesting that while there is buying interest at lower levels, traders should remain cautious due to potential for further downside from high-volume selling pressure.