FileCoin
Offizing an increase of 3.7% during the 24-hour trade session, which increased from $ 2.61 to $ 2.71 along with institutional accumulation signals, according to Coindesk Research’s technical analysis model.
The model showed that trade volume exploded over 7 million in peak times, essentially exceeding the daily average of 3.47 million as market participants protected $ 2.60 support zone.
Filecoin’s latest price movement indicates increasing institutional appetite on decentralized storage technologies as conventional cloud service providers encounter increased study regarding data sovereignty issues.
Rally in file came when the wider crypto market increased, with the wider market meter, Coindesk 20, an increase of 3.2%.
In the latest trade, Filecoin was 3.5% higher over 24 hours and traded about $ 2.71.
Technical Analysis:
- The price built strong support for $ 2.60 with significant volume-supported purchase interest during 24-hour session.
- Volume burst over 7 million in peak -loaded periods, which significantly exceeded the daily average of 3.47 million.
- Trading Range covered $ 0.13 (5%) between the absolute low of $ 2.60 and the top of $ 2.73.
- The last hour of wave hit 369,770 units representing the highest spikes in the session.
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.
