Filecoin Price Drops After 6.1% Surge to $2.41
Filecoin (FIL) surged by 6.1% on June 29, rising from $2.31 to $2.41 with high trading volume before facing resistance and declining. Key points include:
- Price surged by 6.05% during the 22:00 hour with a trading volume of 7.6 million.
- Resistance established at $2.41; price range was $0.14 (5.97%) over 24 hours.
- Support zone formed around $2.27-$2.28 where buyers consistently entered during consolidation.
- After testing resistance, FIL dropped to $2.29 before recovering to close at $2.30.
- Volume spikes noted at key reversals, indicating institutional participation at $2.295 support.
As of recent trading, FIL was up 1.8% at approximately $2.325, while the broader market gauge, CoinDesk 20, increased by 1.9%.