What to know:
- Filecoin, that whimsical creature of the crypto realm, has rallied after establishing a support zone at a tantalizing $2.68-$2.69.
- Lo and behold! The token is now 3.6% higher, frolicking around $2.755 like a child in a candy store.
Ah, Filecoin! It has danced its way into a higher trading range amidst the tempestuous winds of market volatility, with price bounces confirming support levels around the enchanting $2.68-$2.69, as revealed by the ever-so-reliable CoinDesk Research’s technical analysis model.
Currently, our dear token is basking in a 3.6% glow over the past 24 hours, trading around $2.755. What a charmer!
- FIL-USD has demonstrated a resilient price action over the past 24 hours, establishing a trading range of 2.642-2.735 (a delightful 3.52% range).
- Notable support at 2.680-2.690 confirmed by multiple bounces—like a game of hopscotch!
- The 12:00 hour marked a pivotal moment with exceptional volume (4.12M), more than double the period average. Talk about a party!
- Bullish momentum maintained through subsequent hours, with price consolidating above 2.710. A true testament to its tenacity!
- In the last hour, FIL-USD exhibited notable volatility with a significant price swing, reaching a peak of 2.735 at 13:28 before dropping to 2.713 by 13:32. A dramatic twist worthy of a soap opera!
- The slip coincided with the highest volume spike of the period (104,483 units), suggesting strong selling pressure at resistance levels. Oh, the drama!
- Our asset has since established a consolidation pattern between 2.718-2.722, with multiple tests of support around 2.718 showing buyer interest. A classic case of “will they, won’t they?”
Read More
2025-06-11 19:08