Filecoin (FIL) rose 2% over the past 24 hours, climbing from $2.37 to an intraday high of $2.42, according to CoinDesk Research’s technical analysis. The token has established firm support at $2.31, providing a strong base for continued upside.
The breakout above $2.37 occurred on heavy trading volume of 6,938,918 FIL—nearly three times the daily average—suggesting substantial institutional involvement and confirming bullish momentum toward the $2.42 peak. FIL was last trading around $2.415, up 1.7%.
The broader crypto market also advanced, with the CoinDesk 20 index rising 2% during the session.
Technical Highlights:
- Support confirmed at $2.31
- Key resistance broken at $2.37
- Trading volume surged to nearly 6.94 million FIL
- Fresh resistance forming at $2.43 as volume declines
