FileCoin
Submitted solid gains over the past 24 hours, increasing up to 4%, one step that reflects increased institutional interest, according to Coindesk Research’s technical analysis model.
File showed a powerful trading volume during the period when transactions reached 2.65 million tokens, which essentially exceeded the usual 24-hour average of 1.89 million, the model showed.
Market data indicates a sustained track upwards from low night with lower, with resistance established near the level of $ 2.38, while maintaining support over $ 2.33 throughout the session.
The rally in Filecoin came when the wider crypto market also increased, with the wider market meter, Coindesk 20, recently up 2.7%.
In the latest trade, file was 3.5% higher over 24 hours and traded about $ 2.36.
Technical Analysis:
- 24-hour price range of 5% between $ 2.26 low and $ 2.38 top, in contrast to the last hour compressed 0.47% range
- Trade activity exceeded 2.65 million units during key support test testing, representing 40% over the 24-hour average of 1.89 million units
- Strong support established at $ 2.29 with resistance that forms about $ 2.38, while the critical $ 2.35 psychological level remains under pressure.
- Clear upward trend pattern from low night with lower low formation, although the bearish divergence appeared in the final trading mine with volume drop.
