FileCoin
Exhibited a remarkable bullish strength for the past 24 hours and climbed from $ 2.44 to $ 2.65 in a decisive advance of 9%, according to Coindesk Research’s technical analysis model.
The momentum is particularly intensified in the course of 16: 00-21: 00 timeframe on July 10, when the price was rocked from $ 2.44 to $ 2.58 in the middle of extraordinary trading of 8.18 million tokens at the 21:00 mark, essentially exceeding the 24-hour average of 3.67 million as the model showed.
The price broke through the main resistance levels of $ 2.60- $ 2.61 with strong volume support, according to the model.
The move, which was higher in Filecoin, came in the middle of an explosive rally in crypto markets, with the wider market meter, Coindesk 20, recently up 7%.
Bitcoin
The world’s largest cryptocurrency also hit a new record height of $ 118,739.
In recent trade, file 7.3% over 24 hours rose and traded about $ 2.62.
Technical Analysis:
- Unique volume of 8.18 million tokens within 21:00 hours, well over 24-hour average of 3.67 million.
- The price broke through the main resistance levels of $ 2.60- $ 2.61 with strong volume support.
- Key support occurred at $ 2.43 with several successful gene tests throughout the session.
- Asset sustained higher low lower throughout the session, confirming uptrend integrity.
- Classic technical pattern with tight range oscillation followed by crucial upward pressure.
- Strategic volume increases during 09: 15-09: 17 window with 120,066 and 78,189 tokens respectively.
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.
