Filecoin Continues Steady Bullish Momentum with Strong Volume Support

Filecoin (FIL) showed strong upward momentum throughout the last 24 hours, climbing from $2. 38 to $2.

44, according to CoinDesk Research's technical analysis model. The model showed that the digital asset carved out strong support foundations within the $2.

38-$2. 39 corridor, backed by substantial volume validation that became particularly pronounced during the 6:00 AM ET trading hour when transaction volume exploded to 7 million units, dramatically exceeding the session's 2.

35 million average while perfectly aligning with a powerful rebound from the $2. 398 level.

Technical resistance materialized near the $2. 46 threshold, where price discovery encountered meaningful rejection during the identical high-volume window, establishing a definitive technical barrier for the trading session, according to the model.

Filecoin is hosting a discussion on Spaces tomorrow about the future of AI, according to an earlier post on X . In recent trading FIL was 2.

8% higher over 24 hours, trading around $2. 44.

The wider crypto market was also higher, with the broad market gauge, the CoinDesk 20, up 2. 7%.

Technical Analysid FIL progressed decisively from $2. 38 to $2.

44 during the last 24-hours Strong support established around the $2. 38-$2.

39 zone with high-volume confirmation, particularly evident during the 6:00 hour when volume surged to 7 million units. Volume significantly exceeded the 24-hour average of 2.

35 million units, coinciding with a decisive bounce from $2. 40.

Resistance emerged near $2. 46, where price action showed rejection during the high-volume period, creating a clear technical ceiling for the session.

Sustained upward momentum supported by consistent volume above average levels during key advances suggests institutional accumulation. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards .

For more information, see CoinDesk's full AI Policy .