Filecoin Up 2%, but Loses Grip on Crucial $2.63 Support

Filecoin Climbs 2.4% but Breaks Key Support; Resistance at $2.93 Caps Rally

November 10, 2025 — Filecoin (FIL) posted a modest 2.4% gain to $2.62 on Friday, but technical momentum weakened as the token slipped below its $2.60 support level, according to CoinDesk Research’s technical analysis model.

The token traded within a $0.33 range, marking 12.5% intraday volatility, as institutional activity tested major price thresholds. A surge in volume at 03:00 UTC saw 21.5 million FIL tokens exchanged — 78% above average levels — briefly lifting the token from $2.71 to a session high of $2.93 before profit-taking set in.

That $2.93 level has now emerged as a key technical ceiling, capping upward momentum and defining near-term resistance.

The broader crypto market moved higher in parallel, with the CoinDesk 20 Index (CD20) advancing 5.7% on the day.

Technical Overview

Support: Primary at $2.60; secondary between $2.55–$2.58
Resistance: Strong at $2.93, with intermediate resistance near $2.81
Volume: Peak turnover at 21.5M tokens during the $2.93 test, followed by lighter trading toward the close
Outlook: The trading range between $2.63 and $2.93 broke to the downside, increasing pressure toward the $2.55–$2.58 zone. A recovery above $2.63 would be needed to restore short-term bullish momentum.