FIL Rises 2% After Overcoming $2.37 Resistance Zone

Filecoin (FIL) rose 2% over the past 24 hours, moving from $2.37 to an intraday high of $2.42, according to CoinDesk Research’s technical model. The token has solid support at $2.31, providing a strong foundation for further upside.

The breakout above $2.37 came on elevated trading volume of 6,938,918 FIL—nearly three times the daily average—signaling significant institutional participation and reinforcing bullish momentum. FIL was last trading around $2.415, up 1.7% from earlier levels.

The broader crypto market also advanced, with the CoinDesk 20 index rising 2% during the session.

Technical Overview:

• Strong support at $2.31
• Resistance breached at $2.37
• Trading volume surged to nearly 6.94 million FIL
• New resistance forming at $2.43 as session volume tapers