Filecoin Price Increases 3.6% After Confirming Support at $2.68
Filecoin (FIL) is currently trading around $2.755, reflecting a 3.6% increase over the last 24 hours. The token has established support levels between $2.68 and $2.69 amid market volatility.
Key points from technical analysis:
- Trading range established at $2.642-$2.735, indicating a 3.52% fluctuation.
- Support confirmed by multiple bounces in the $2.680-$2.690 range.
- Exceptional volume of 4.12M at 12:00, more than double the average.
- Bullish momentum sustained, with consolidation above $2.710.
- Notable price swing to $2.735 followed by a drop to $2.713, correlating with a volume spike of 104,483 units.
- Current consolidation pattern between $2.718-$2.722, indicating buyer interest at $2.718.
The broader market, as measured by the CoinDesk 20, increased by 0.8% at the time of reporting.