Filecoin Surges 3.7% Amid Increased Institutional Accumulation
Filecoin (FIL) experienced a 3.7% increase in the last 24 hours, rising from $2.61 to $2.71, supported by institutional accumulation signals, as per CoinDesk Research's analysis.
Key points:
- Trading volume exceeded 7 million, significantly surpassing the daily average of 3.47 million.
- Strong support established at $2.60, with buying interest evident during trading.
- The price fluctuated within a range of $0.13 (5%), with a low of $2.60 and a peak of $2.73.
- A final hour volume spike reached 369,770 units, marking the highest in the session.
The rise in Filecoin's price aligns with an overall increase in the crypto market, where the Coindesk 20 index gained 3.2%.