Filecoin Rises 2% After Breaking Through Resistance at $2.37

Filecoin (FIL) experienced a 2% increase, moving from $2.37 to $2.42 in the past 24 hours.

  • Support level identified at $2.31.
  • The price breakthrough occurred as FIL surpassed the $2.37 resistance with high trading volume of 6,938,918, nearly triple the daily average.
  • This suggests strong institutional involvement and supports a bullish trend towards $2.42.
  • Current trading shows a 1.7% rise to approximately $2.415.

The overall crypto market also observed growth, with the CoinDesk 20 index increasing by 2%.

  • Confirmed support foundation at $2.31.
  • Key resistance breach at $2.37.
  • Significant trading activity noted.
  • New resistance zone at $2.43, with decreased volume nearing session end.