Filecoin advanced 4.3% to $1.32 over 24 hours as institutional flows pushed the token through critical resistance levels.
The advance unfolded over a controlled $0.06 range, establishing clear upside momentum that traders positioned for extended gains, according to CoinDesk Research’s technical analysis model.
The model showed the volume confirmation arriving at midnight UTC with 2.9 million tokens changing hands, 87% above the session average of 1.55 million.
The rise validated FIL’s break above $1.29 resistance, transforming the level into new support, according to the model.
Higher lows of $1,260, $1,277 and $1,291 signaled institutional accumulation replacing retail volatility, the model said.
The final push above $1.32 on increased volume targets the $1.33-1.335 resistance cluster.
The rise in FIL came as broader crypto markets also rallied. The CoinDesk 20 index was 2.5% higher at press time.
Technical analysis:
- Primary support anchored at $1.29
- Immediate resistance target spans the $1,330-1,335 zone
- Session high resistance at $1,325 successfully tested
- Peak volume hits 2.9 million tokens (87% above 24-hour SMA)
- Rising trend line emerges with higher low structure
- Volume confirmed breakout validates resistance break
- Primary upside target spans $1,330-1,335 resistance zone
- Risk/reward metrics favor continuation above $1.32
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
