Filecoin (FIL) climbed 2% in the past 24 hours, advancing from $2.37 to an intraday high of $2.42, according to CoinDesk Research’s technical analysis. The token has established firm support at $2.31, offering a stable base for potential 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 involvement and confirming bullish momentum. FIL was last trading around $2.415, up 1.7%.
The broader crypto market also saw gains, with the CoinDesk 20 index rising 2% during the session.
Technical Highlights:
- Support confirmed at $2.31
- Resistance broken at $2.37
- Trading volume surged to nearly 6.94 million FIL
- New resistance forming at $2.43 with tapering volume
