Filecoin (FIL) saw a 3.74% increase in the last 24 hours, reaching $2.64 and showcasing a clear uptrend with higher lows, as per CoinDesk Research’s technical analysis model.
The rally demonstrated strong support levels at $2.54 and $2.55, while facing initial resistance around $2.62-$2.63 before breaking through decisively during the Asian trading session.
In an exciting development, Theoriq AI announced a partnership with the Filecoin Foundation to create AI agents trained on open data from the Filecoin network, as shared in a tweet on X yesterday.
The surge in Filecoin’s price coincided with a broader market uptrend, with the CoinDesk 20 index also rising by 4%.
Here is a breakdown of the technical analysis for Filecoin:
– FIL traded between $2.56 and $2.66, marking a substantial 4.75% gain.
– The cryptocurrency established strong support levels at $2.54 and $2.55, with resistance initially at $2.62-$2.63 before breaking through during the Asian trading hours.
– Trading volume showed significant institutional participation, with peaks exceeding 5.4 million, well above the 24-hour average of 2.8 million.
– The trading range for Filecoin spanned $0.15, from a high of $2.69 to a low of $2.54, representing a 5.56% fluctuation range.
– A sharp reversal was observed at the $2.66-$2.67 resistance level, accompanied by elevated volume exceeding 150,000.
Please note that parts of this article were generated using AI tools and have been reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, refer to CoinDesk’s full AI Policy.
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