FileCoin Traded slightly changed over the past 24 hours, with the shares trading in a range of $ 0.08 representing 3.3% volatility between $ 2.41 and $ 2.50, according to Coindesk Research’s technical analysis model.
The model showed a significant V-shaped recovery path when the digital asset originally retired from $ 2.44 to test institutional support levels near $ 2.41- $ 2.42 during trade overnight before mounting a sustained rally that reached $ 2.50 in the morning.
Sales pressure emerged at the $ 2.50 resistance level with institutional volume reaching 4.7 million tokens, while the price zone of $ 2.41- $ 2.42 demonstrated robust institutional support through several successful support tests, with trade volume exceeding the 24-hour average of 2.80 million units, according to the model.
In the recent trading file, file was 0.3% lower over 24 hours and traded about $ 2.43.
The wider crypto market was also lower, with the wide market meter, Coindesk 20, by 0.8%down.
Technical Analysis:
- V-shaped institutional recovery pattern realized during 24-hour trade session.
- Strong support established at $ 2.41- $ 2.42 zone through several successful institutional tests.
- High -volume resistance identified at $ 2.50 institutional level.
- Over-average institutional trading volume of 4.70 million during important company resistance tests.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
