Filecoin (FIL) is currently trading at $1.28, reflecting a 24-hour decline of 2.39%. The price has ranged between $1.28 and $1.32 over the last day, indicating low volatility with a daily range of just 0.04%.

Trading volume stands at approximately 66.64 million, with a volume-to-market cap ratio of 7.00%, suggesting moderate interest relative to its market capitalization. The hourly moving averages show a consistent downward trend, with the 8 SMA at $1.30 (-1.65%) and the 144 SMA at $1.33 (-4.05%), indicating bearish sentiment in the short term.

The one-hour RSI is at 28, signaling that FIL is in oversold territory, which could suggest a potential reversal point. However, the 7-day RSI of 45 shows that the asset is not yet in a strong buy zone, reflecting ongoing bearish momentum over the past week.

Over the last seven days, Filecoin has decreased by 16.73%, while the 14-day change is also negative at -13.87%. In contrast, the 30-day change shows a slight increase of 2.86%, indicating potential short-term recovery amidst longer-term downward pressure.

Given the stark contrast between the current price and its all-time high of $236.84, the asset is significantly undervalued. Nevertheless, the current bearish indicators and recent negative momentum suggest that further downside risk remains.

Based on the analysis of technical indicators, including the low RSI levels and consistent downward price trends, I recommend a Hold rating for Filecoin (FIL) at this time. The market conditions do not support aggressive buying, but the oversold status may present a future buying opportunity if recovery signals appear.