FIL Bounces Back 6% in Strong Reversal From Recent Dip

Filecoin Climbs 6% From Lows as Accumulation Signs Emerge

Filecoin (FIL) bounced strongly on Tuesday, advancing more than 6% off intraday lows, as heavy trading activity suggested renewed accumulation interest.

The token slid to $2.15 on Monday evening before staging a recovery to close at $2.31, according to CoinDesk Research’s technical model. The rebound marks a 6.4% gain from trough levels and coincided with trading volumes running 75% above the 30-day average, pointing to heightened institutional participation.

Despite broader crypto weakness — the CoinDesk 20 index slipped 2.1% — Filecoin’s technical setup improved, with analysts highlighting firm support and a potential shift toward bullish momentum.

At last check, FIL was 0.9% higher over 24 hours, holding near $2.31.

Key Technical Signals

Price Range: $2.15–$2.31 over the past 24 hours, a 6.8% swing.
Support Zone: A heavy 15.1M volume print during the $2.26–$2.15 decline on Aug. 25 reinforced the floor.
Resistance Break: FIL pushed through $2.27 on Aug. 26, sparking sustained buying flows.
Late Rally: A surge in block trades carried FIL from $2.27 to $2.29, confirming institutional activity.
Pattern: Ongoing consolidation near $2.27 suggests base-building, with further upside possible if resistance levels are cleared on strong volume.

Analysts said the move reflects classic accumulation behavior, with institutional desks positioning ahead of a potential breakout, even as the broader market consolidates.