Filecoin Rallies Nearly 9% as Crypto Market Surges
Filecoin (FIL) posted a strong rally, rising about 9% over the past 24 hours, as crypto markets broadly advanced and the CoinDesk 20 Index climbed 7%.
FIL’s price jumped from $2.44 to $2.65, with its most significant gains occurring between 16:00 and 21:00 UTC on July 10. Trading activity was robust, with volume soaring to 8.18 million tokens at the 21:00 hour—well above the daily average of 3.67 million, according to CoinDesk Research’s technical data.
The move pushed FIL through critical resistance between $2.60 and $2.61, backed by strong volume, suggesting renewed bullish sentiment. Meanwhile, support has formed at $2.43 after multiple successful retests, reinforcing the uptrend.
At last check, FIL was trading around $2.62, showing a 7.3% daily gain.
Technical Highlights:
- Broke resistance at $2.60–$2.61 on high volume
- Strong support established at $2.43
- Higher lows confirm sustained upward momentum
- Spikes in volume indicate continued buying interest
With Bitcoin also hitting a fresh all-time high of $118,739, analysts suggest FIL could see further upside if broader market enthusiasm persists.
