FIL dropped more than 6%. Why can't storage space be directly converted into valuation space?
Spot price fell about 6.56% in 24 hours, ranging from 1.0384 to 1.223, with the price positioned at about 14% within the range.
Capacity, actual payments, and token buying pressure are different levels. If demand growth cannot cover costs and supply, technology usefulness does not necessarily support the price. The current pullback requires first verifying support.
If it first recovers to the middle of the range and then breaks through the upper boundary, the recovery outlook will strengthen; if the lower boundary continues to be breached, selling pressure should be respected. Long-term industry demand cannot be used as a buying reason valid at any price level.