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Home»Bitcoin»Filecoin (FIL) Gains 4% as Token Demonstrates Strong Bullish Momentum
Bitcoin

Filecoin (FIL) Gains 4% as Token Demonstrates Strong Bullish Momentum

August 14, 2025No Comments13 Mins Read
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Filecoin Surges by 3.7% in 24-Hour Trading Session

Filecoin, a decentralized storage technology, experienced a 3.7% surge in its price during the 24-hour trading session, climbing from $2.61 to $2.71. This increase was driven by signals of institutional accumulation, as indicated by CoinDesk Research’s technical analysis model.

The model revealed that trading volume spiked to over 7 million during peak trading hours, significantly surpassing the daily average of 3.47 million. Market participants showed strong buying interest to protect the $2.60 support level.

The recent price movement of Filecoin highlights the growing appetite among institutional investors for decentralized storage technologies, especially as traditional cloud service providers face increased scrutiny over data sovereignty issues.

The rally in FIL coincided with a broader uptrend in the crypto market, with the Coindesk 20 index rising by 3.2%. At the time of writing, Filecoin was trading around $2.71, up by 3.5% over the past 24 hours.

Technical Analysis:
– Price established strong support at $2.60 with significant buying volume in the 24-hour session.
– Trading volume surged above 7 million during peak periods, well above the daily average.
– The trading range covered $0.13 (5%) between the low of $2.60 and the high of $2.73.
– The final hour saw a volume spike of 369,770 units, the highest in the session.

Overall, Filecoin’s recent price surge and increased trading volume reflect growing investor interest in decentralized storage solutions and the broader crypto market. Could’ve sworn the page was around here somewhere…

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Bullish Demonstrates FIL Filecoin Gains Momentum Strong token
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