Filecoin (FIL) is currently trading at $1.28, reflecting a minor 24-hour decline of 0.35%. The price has oscillated between a high of $1.35 and a low of $1.27 in the past day, indicating low volatility with a daily range of just 0.08%.

The trading volume stands at approximately 95.75 million, contributing to a market cap volume ratio of 10.27%. The moving averages indicate a bearish trend, with the 8 SMA at $1.30 showing a decline of 1.78%, while the 144 SMA at $1.28 is down by 0.33%, suggesting a potential resistance level around this price.

On the relative strength index (RSI), the 1-hour RSI is at 43, indicating a lack of momentum and a potential for downward pressure. In contrast, the 7-day RSI at 53 shows that the asset is in a neutral territory but reflects a recent price change of about 0.49% over the week, hinting at short-term stability.

However, the longer-term trend is concerning, with the 14-day price change at -14.56% and the 30-day change at -19.95%, indicating a consistent downward trajectory. Given the substantial gap from the all-time high of $236.84, which occurred in April 2021, it highlights the long-term challenges Filecoin faces in regaining investor confidence.

In summary, the current technical indicators and volume metrics suggest that FIL is facing bearish conditions, and the recent price action indicates a lack of momentum for a recovery. Therefore, I rate Filecoin as a Sell, recommending investors to consider offloading their positions until a clearer reversal pattern emerges in the market.