Filecoin Trades 2% Lower After 7% Volatility in 24 Hours
Filecoin (FIL) demonstrated significant volatility in the last 24 hours, with a trading range of 7%. Key metrics include:
- High of $2.68 and low of $2.49
- Decline initiated around 07:00 on Aug. 11, reaching $2.49 by midday
- Volume peaked at 8.88 million during the 12:00 hour
- Current trading price at approximately $2.56, down 2% over 24 hours
- Resistance established at $2.68 with volume exceeding 3.80 million
- Support level at $2.49 confirmed by peak volume
- Increased volume during recovery phase, peaking at 78,053 units
The broader crypto market, as measured by the Coindesk 20, increased by 1.1% during this period.