Market Focus Framing
Filecoin Rebounds 3.6%, Support at $2.68 Holds Firm Amid Crypto Market Stabilization
Filecoin (FIL) saw a 3.6% price gain over the past 24 hours, trading at $2.755 as buyers stepped in to defend key support between $2.68 and $2.69, according to CoinDesk Research’s technical indicators.
Despite broader market uncertainty, FIL established a tighter, higher trading range, signaling resilience and possible bullish continuation. This price behavior came as ether whales returned to the market, lifting sentiment across altcoins.
Technical Highlights:
- FIL ranged between $2.642 and $2.735, showing a 3.5% daily fluctuation.
- Multiple bounces confirmed solid support around $2.680–$2.690.
- A volume spike of 4.12 million units at 12:00 UTC indicated strong accumulation interest.
- Temporary resistance was hit at $2.735, but the token quickly pulled back to $2.713 during high-volume selling.
- FIL is now consolidating near $2.720, with strong buyer defense seen at lower levels.
With volume patterns favoring accumulation, bulls may soon retest overhead resistance if the $2.68 level continues to hold.
