Filecoin (FIL) climbed 2% over the past 24 hours, rebounding from key support at $2.38 amid a sharp uptick in trading activity and broader market strength.
FIL traded within a $0.16 range, between $2.38 and $2.55, reflecting 6.7% intraday volatility. A surge in volume to 13.11 million tokens—nearly four times the daily average—occurred at 19:00 UTC on July 30, just as the price hit the session low. Buyers stepped in aggressively, triggering a swift reversal.
The rebound coincided with a broader crypto rally, with the CoinDesk 20 Index gaining 1.7% over the same period. FIL continued higher, briefly touching $2.55 before consolidating near $2.505.
Supporting sentiment was renewed community focus ahead of Filecoin Orbit’s upcoming all-hands meeting, where new program updates are expected.
Key Technical Levels:
- Support: $2.38
- Resistance: $2.55
- Range: 6.7% from low to high
- Volume Spike: 13.1M FIL vs. 2.29M average
- Current Price: $2.505, up 1.2% on the day
