FileCoin
Exhibited high volatility throughout the 24-hour trade session and recorded a comprehensive 7% interval, according to Coindesk Research’s technical analysis model.
The model showed that file hit a highlight of $ 2.68 and a subsequent low of $ 2.49 in the period.
File endured a bottom -fitting decline, which began approximately 07:00 on August 11, laid down significantly to $ 2.49 at noon at noon, accompanied by robust volume of 8.88 million during 12:00 Trade time, which consequently establishes significant volume -backed foundations to approx. $ 2.49, according to the model.
The token has recovered some of its previous losses to trade 2% lower over 24 hours of about $ 2.56.
Bounce in file came when the wider crypto market increased, with the wider market meter, Coindesk 20, recently up 1.1%.
Technical Analysis:
- File traded between $ 2.49- $ 2.68 in the 24-hour period
- Significant resistance established at the $ 2.68 level with volume of over 3.80 million.
- Robust support is materialized to $ 2.49 with a maximum amount of 8.88 million within 12:00 hours.
- The token has recovered some of its previous losses to trade 2% lower over 24 hours
- Rising volume in the recovery phase with top of 78,053 units suggests renewed purchasing interest.
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.
