![Decoding factors detrimental to Filecoin's [FIL] short-term recovery](https://insights.cryptobasemarket.com/wp-content/uploads/2022/05/untitled-design-9-136312.png)
Filecoin (FIL) has lost most of its value in the last year since its April 2021 highs. In the last month, bulls finally managed to flip the six-month trendline resistance (white, dashed) to immediate support.
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