Filecoin (FIL) is currently trading at $1.35, reflecting a modest 24-hour change of 0.86%. The daily trading range has been tight, with a high of $1.37 and a low of $1.31, indicating a stable short-term price action.

The trading volume stands at approximately $98 million, accounting for 9.89% of the market cap, which suggests a moderate level of activity. Short-term moving averages present a mixed picture: while the 55 SMA shows strength with a +0.62% increase, the 144 SMA indicates a bearish trend with a -5.53% decline.

The Relative Strength Index (RSI) values reveal a bearish sentiment; the 1-hour RSI is at 34, suggesting oversold conditions, while the 7-day RSI at 44 indicates potential weakness in momentum. Over the last week, the price has dropped approximately 14.79%, and the 14-day change also reflects a negative trend of -8.04%, signaling ongoing selling pressure.

Despite a slight uptick in the last 30 days with a 4.86% increase, the overall trend remains concerning given the longer-term declines. The current price is far below its all-time high of $236.84 reached in April 2021, suggesting significant underperformance relative to its historical value.

In conclusion, the technical indicators and price trends indicate a bearish outlook for Filecoin. With continued selling pressure and lack of bullish momentum, the recommendation is to Hold, allowing for potential recovery before considering a Buy.