FIL Pulls Back to $2.43 After Testing $2.50 Resistance
September 9, 2025
Filecoin (FIL) traded largely flat over the past 24 hours, moving in a $0.08 range between $2.41 and $2.50, reflecting about 3.3% volatility, according to CoinDesk Research.
During the session, FIL displayed a V-shaped recovery. The token initially fell from $2.44 to test institutional support near $2.41–$2.42 overnight before rallying to a morning high of $2.50. Selling pressure emerged at this resistance level, with institutional volume reaching 4.7 million tokens, while support in the $2.41–$2.42 range held firm, surpassing the 24-hour average volume of 2.8 million units.
FIL was last trading near $2.43, down 0.3% on the day. The broader crypto market also saw declines, with the CoinDesk 20 index falling 0.8% over the same period.
Technical Overview:
- V-shaped recovery observed during the session
- Institutional support confirmed at $2.41–$2.42
- Resistance at $2.50 tested with high-volume trading
- Trading range: $2.41–$2.50, 3.3% intraday volatility
