Filecoin (FIL) rose 2% in the past 24 hours, moving from $2.37 to an intraday high of $2.42, according to CoinDesk Research’s technical model. The token has established solid support at $2.31, providing a stable foundation for further gains.
The breakout above $2.37 occurred on strong trading volume of 6,938,918 FIL—nearly three times the daily average—indicating significant institutional participation and reinforcing bullish momentum toward the $2.42 peak. FIL was last trading around $2.415, up 1.7%.
The broader crypto market also saw gains, with the CoinDesk 20 index up 2% during the session.
Technical Summary:
- Support confirmed at $2.31
- Resistance broken at $2.37
- Heavy trading volume near 6.94 million FIL
- New resistance forming at $2.43 as volume tapers
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