FILE Price Prediction: Bearish Momentum Masks $1.20 Reversal Setup
The post FILE Price Prediction: Bearish Momentum Masks $1.20 Reversal Setup appeared on BitcoinEthereumNews.com. Terrill Dicki May 31, 2026 08:21 FILE trades at $0.96 amid selling pressure but whale positioning and oversold technicals suggest a potential bounce to $1.20 within 6-8 weeks if key support levels hold. The Immediate Setup FILE sits uncomfortably at $0.96, down 1.63% as bears maintain their grip on short-term momentum. The token managed to bounce from its $0.95 daily low but struggles against the stubborn $0.99 resistance level. This price action reveals a market caught between competing forces – institutional distribution meeting whale accumulation at these discounted levels. Daily volume of $7.8 million shows moderate engagement, though the 0.82 taker buy/sell ratio exposes underlying selling pressure. The MACD histogram flatlines at zero while momentum stalls, creating that uncomfortable equilibrium where neither side commands decisive control. This tech