Filecoin Edges Higher but Loses Support; $2.93 Resistance Holds Firm
November 10, 2025 — Filecoin (FIL) rose 2.4% to $2.62 on Friday but slipped below a key $2.60 support, signaling continued technical weakness, according to CoinDesk Research’s analysis model.
FIL traded within a $0.33 intraday range, reflecting 12.5% volatility as institutional flows tested key technical zones. Trading volumes surged around 03:00 UTC, with 21.5 million tokens exchanged — a 78% spike above typical activity — driving prices from $2.71 to an intraday high of $2.93 before profit-taking set in.
That $2.93 level remains a strong resistance point, capping further upside and marking a crucial barrier for short-term momentum.
Broader sentiment was more positive, with the CoinDesk 20 Index (CD20) gaining 5.7%, extending the week’s modest market recovery.
Technical Summary
- Support: Primary at $2.60, secondary at $2.55–$2.58
- Resistance: $2.93 key cap; intermediate ceiling at $2.81
- Volume: Peaked at 21.5M during resistance test, easing sharply into close
- Outlook: Range consolidation between $2.63–$2.93 broke lower, exposing downside risk toward $2.55–$2.58. A rebound above $2.63 would be needed to restore bullish bias.
