Filecoin slips from session highs, managing a modest advance. -

Primary Support: $1.625
Resistance Zone: $1.634–$1.685
Trend: Higher lows; mild consolidation above $1.63
Volume: 23% above weekly average; peak turnover of 5M FIL (+89% vs SMA)
Market Signal: Late-session profit-taking limits upside follow-through

Filecoin Loses Momentum After Brief Spike, Holds Slightly Above Key Support

Filecoin (FIL) gained 0.4% over the past 24 hours, trading near $1.63, after giving back most of its early-session advance, according to CoinDesk Research’s technical model. The token initially climbed as much as 2%, but selling pressure later erased most of the move.

The broader CoinDesk 20 Index rose 1.7% during the same period, leaving FIL as a relative underperformer even as market-wide momentum improved.

FIL traded within a tight $0.06 range, forming a series of higher lows from its $1.595 open before meeting resistance near $1.685. Despite the muted price action, trading volume jumped 23% above the seven-day average, suggesting growing institutional activity and positioning.

On the technical front, support sits at $1.625, while resistance lies between $1.634 and $1.685. Analysts view sustained closes above $1.63 as constructive, though late-session selling pressure of over 140,000 FIL pointed to ongoing profit-taking.

The Filecoin Foundation is set to host its developer summit in Buenos Aires from Nov. 13–15, which could drive renewed interest in the project’s decentralized storage ecosystem.