Filecoin Gains 2.4% but Slips Below Support; $2.93 Resistance Holds
November 10, 2025 — Filecoin (FIL) rose 2.4% to $2.62 on Friday, but the token’s technical structure weakened as it slipped below the $2.60 support level, according to CoinDesk Research’s technical model.
FIL traded within a $0.33 range, reflecting 12.5% intraday volatility, as institutional activity tested major price zones. Volume surged sharply around 03:00 UTC, when more than 21.5 million tokens changed hands — about 78% above average. The surge briefly pushed prices from $2.71 to an intraday high of $2.93, before profit-taking triggered a pullback.
That $2.93 level has since emerged as a firm resistance point, capping gains and signaling a loss of short-term momentum.
The broader market also edged higher, with the CoinDesk 20 Index (CD20) climbing 5.7%, suggesting general risk appetite despite Filecoin’s technical weakness.
Technical Overview
- Support: $2.60 primary; $2.55–$2.58 secondary
- Resistance: $2.93 key barrier; $2.81 intermediate cap
- Volume: 21.5M peak turnover during resistance test, easing toward session close
- Outlook: Breakdown from the $2.63–$2.93 range exposes downside risk toward $2.55–$2.58. A sustained rebound above $2.63 is needed to reestablish bullish momentum.
