rose 2% over the past 24 hours moving on from $ 2.37 to $ 2.42,
According to Coindesk Research’s technical analysis model.
The model showed that the digital asset formed robust support at $ 2.31 level.
The most notable price division that was realized when the file successfully entered the $ 2.37 resistance barrier in the middle of a powerful trading volume of 6,938,918, about three times the daily average, indicating significant institutional participation and validation of the bullish momentum against $ 2.42, according to the model.
In the latest trade, Filecoin was 1.7% higher, about $ 2.415.
The wider crypto market also increased with the wide market meter, Coindesk 20, an increase of 2%.
Technical Analysis:
- Solid Support Foundation confirmed to $ 2.31
- Critical resistance penetration of $ 2.37 level
- Excellent trading activity of 6,938,918 volume registered, approaching three times the daily average.
- Fresh resistance zone established for $ 2.43 accompanied by reduced volume is approaching session closure.
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.
