Filecoin’s FIL Trades Steady After Testing $2.50 Resistance Level

Filecoin (FIL) exhibited minimal change over the past 24 hours, with a trading range of $0.08 and volatility of 3.3% between $2.41 and $2.50. Key observations include:

  • A V-shaped recovery pattern was observed during the trading session.
  • Strong support identified at the $2.41-$2.42 zone through multiple institutional tests.
  • Resistance at the $2.50 level faced selling pressure, with 4.7 million tokens traded.
  • Trading volume surpassed the 24-hour average of 2.80 million units.

Currently, FIL is down 0.3%, trading around $2.43, as the broader crypto market also declined, with the CoinDesk 20 down 0.8%.