At $0.92, do you still dare to believe in FIL? NASA and Harvard data are stored on its blockchain, and Filecoin has just transitioned to "on-chain cloud," aiming to become the Amazon of the crypto world—yet the price has plummeted 4.3% in 10 hours, with two large sell orders wiping out 600,000 USDT. Retail investors are completely devastated: is it value investing or a massive scam?
First, let's look at the surface: it's fallen again.
In the past 24 hours, FIL has slid from $0.97 to $0.92, a drop of 4.3%. The MACD has formed a death cross, all EMA lines have been broken, and the 30-minute chart is full of "sell" signals. Technically speaking, this thing is truly useless.
Those veteran miners in the community who used to shout "the leader in the storage sector" are now playing dead, occasionally popping up with a "long-term hold" emoji accompanied by a panda facepalm.
Is it tragic? Absolutely tragic.
First: Filecoin is undergoing a complete strategic transformation, evolving from a "storage miner" to an "on-chain cloud." Simply put, it aims to steal business from AWS (Amazon Web Services).
Do you know how much AWS earns a year? $80 billion.
Second: In 2026, Filecoin will completely bid farewell to the "subsidy era."
This means FIL will finally have real revenue.
Third: NASA, Harvard, and MIT are all using Filecoin to store data.
This isn't just a "cooperation intention," it's a genuine strategic partnership. NASA stores satellite data, Harvard stores academic archives.
On one hand, top institutions are scrambling to use it, the business model is fully operational, and it aims to rival AWS in the future.
On the other hand, the price is plummeting, large investors are dumping shares, and retail investors are cursing.
The key level is 0.89; this is the last line of defense.
If you are a short-term trader:
- If it falls below 0.92, run. Don't hesitate, the next stop is 0.89.
- Buy in batches around 0.89, with a stop loss at 0.85, and a target of 0.96-0.99.
- If 0.96 is broken, you can add a small position, but remember this is just a rebound, not a reversal.
If you are a long-term investor: Start building your position now in batches. Add to your position every 10% drop: 0.89, 0.85, 0.80. Wait for the FOC mainnet to be fully implemented, for institutional funds to react, and for FIL to truly start generating profits.