Performed strongly over the past 24 hours with a 4%gain, according to Coindesk Research’s technical analysis model.
The model showed that the token went ahead from a low level of $ 2.25 to a high of $ 2.38.
Sustainable purchase pressure lasted despite volatility in the middle of the session about $ 2.31 support, according to the model.
The recovery pattern reinforced the wider Bullish course established in the entire 24-hour period.
On the news front, Iotex has launched the Real World AI Foundry, a global alliance to create shared standards for AI trained on live data that Filecoin has joined as an adaptation partner, according to a post on X.
The wider crypto market also increased with the wide market meter, Coindesk 20, an increase of 3%.
Technical Analysis:
- File posts a strong bullish momentum in the 24-hour period that goes on from $ 2.25 to $ 2.38.
- The token established clear support around the $ 2.31 level with high volume confirmation in the early morning hours.
- The resistance arose near $ 2.36 with several rejections earlier in the day.
- The recent price action shows a convincing recovery pattern as the token broke through the $ 2.36 -level resistance.
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.
