Filecoin Climbs Nearly 4% as Technicals Signal Bullish Trend
Filecoin (FIL) advanced 3.74% in the past 24 hours, trading around $2.64 amid a broader crypto rally that pushed the CoinDesk 20 index up roughly 4%.
According to analysis from CoinDesk Research, Filecoin is establishing a clear uptrend, with price action forming higher lows—a classic signal of strengthening bullish momentum.
FIL maintained firm support between $2.54–$2.55 and broke through initial resistance around $2.62–$2.63 during early Asian trading hours.
Contributing to the positive sentiment, Theoriq AI announced via X that it’s collaborating with the Filecoin Foundation to develop AI agents leveraging open data from Filecoin’s decentralized storage network.
Technical Highlights:
- Price Range: FIL traded between $2.56 and $2.66, representing a 4.75% intraday gain.
- Support Levels: Higher lows formed at $2.54 and $2.55, indicating solid buying interest.
- Resistance Levels: The token faced resistance at $2.62–$2.63 but overcame it as trading intensified.
- Volume Spike: Trading volume surged above 5.4 million around 05:00 UTC, almost double the daily average of 2.8 million, suggesting possible institutional inflows.
- Volatility: Prices fluctuated within a $0.15 range, swinging between $2.54 and $2.69, reflecting a 5.56% volatility spread.
- Reversal Zone: Notable price reversals occurred near $2.66–$2.67, accompanied by heavy trading volumes exceeding 150,000 units.
The technical picture for Filecoin remains positive, with further gains possible if crypto market conditions stay supportive.
