FileCoin
Rose 3.74% to $ 2.64 in the last 24 hours, forming a distinct Uptrend characterized by progressive higher low low, according to Coindesk Research’s technical analysis model.
Rally produced low at $ 2.54 and $ 2.55, which served as reliable support zones while encountering the original resistance of near $ 2.62- $ 2.63 before achieving a crucial breakthrough in the Asian market time.
Theoriq AI collaborates with Filecoin Foundation to develop AI agents trained on open data from the network, Filecoin said in a tweet on X yesterday.
The rally in Filecoin came when the wider crypto market also increased, with the wider market meter, Coindesk 20, recently up 4%.
Technical Analysis:
- File ranged from $ 2.56 to $ 2.66 during the 24-hour session, which achieved a robust increase of 4.75%.
- Cryptocurrency developed successive higher low down to $ 2.54 and $ 2.55 price points offering reliable support throughout the trade period.
- Resistance materialized near $ 2.62- $ 2.63 before experiencing a final breach during the Asian morning.
- Volume study indicates a significant institutional commitment with tops that surpass 5.4 million of around 05:00 UTC, significantly above the 24-hour average of 2.8 million.
- The total trading bandwidth includes $ 0.15 between the absolute top of $ 2.69 and the valley of $ 2.54, establishing a 5.56% oscillation area.
- The sharp turn from $ 2.66- $ 2.67 The resistance area coincided with elevated volume of over 150,000.
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.
