Filecoin Rises 2% After Breaking Through Resistance at $2.37

Filecoin (FIL) rose 2% over the last 24 hours, advancing 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 the $2.31 level. The most notable price breakthrough materialized as FIL successfully penetrated the $2.37 resistance barrier amid heavy trading volume of 6,938,918, approximately three times the daily average, indicating significant institutional participation and validating the bullish momentum toward the $2.42 peak, according to the model. In recent trading, Filecoin was 1.7% higher, around $2.415. The wider crypto market also rose, with the broad market gauge, the CoinDesk 20, up 2%. Technical Analysis: Solid support foundation confirmed at $2.31 Critical resistance penetration at the $2.37 level Outstanding trading activity of 6,938,918 volume registered, approaching three times the daily average. Fresh resistance zone established at $2.43 accompanied by reduced volume approaching session closure. 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 .