Filecoin (FIL) is currently trading at $1.22, reflecting a 6.43% decline over the past 24 hours. The daily trading range has been relatively tight, fluctuating between a low of $1.21 and a high of $1.32, indicating a bearish sentiment as the price approaches the lower end of this range.

The volume of 141,471,477 FIL corresponds to a market cap volume ratio of 15.91%, suggesting significant trading activity relative to its market capitalization. Short-term moving averages indicate a consistent downward trend, with the 8 SMA at $1.23 down 1.06%, while longer-term SMAs show even steeper declines, such as the 144 SMA at $1.31, which is down 7.10%.

Momentum indicators reveal that the 1-hour RSI is at a critically low level of 26, suggesting the asset is oversold in the short term. However, the 7-day RSI of 41 indicates a lack of bullish momentum, with the price down 17.07% over the past week and a notable decline of 39.74% over the past month.

Given the persistent downward trends in both price and moving averages, along with the weak momentum indicators, the outlook for Filecoin appears bearish in the short to medium term. The stark contrast between its current price and its all-time high of $236.84, reached in April 2021, highlights the severe depreciation and loss of investor confidence.

In conclusion, the data suggests a Sell rating for Filecoin (FIL) due to its ongoing downtrend, weak momentum, and lack of strong support levels. Investors should consider reallocating their positions until clearer signs of recovery and bullish momentum emerge.