Bullish Sentiment Tone
Filecoin Eyes Breakout After Defending Key Support, Rallies 3.6%
Filecoin (FIL) is showing early signs of a potential breakout, bouncing strongly from its established $2.68–$2.69 support zone and gaining 3.6% in the past 24 hours to trade at $2.755.
The recovery comes as altcoin sentiment improves following renewed whale activity in Ethereum (ETH), raising hopes for a broader rotation into undervalued assets like FIL.
Key Takeaways:
- FIL traded within a $2.642–$2.735 range, with consistent buying interest at the lower bound.
- A 4.12M volume surge at midday helped drive the token to a session high of $2.735.
- Sharp intraday volatility tested bulls, but FIL is consolidating just above $2.718, with firm support now visible.
- Multiple retests of the lower range suggest a base formation that could power a move toward $2.80+ if volume remains elevated.
With sentiment improving and technicals firming up, Filecoin may be positioning for a stronger move in the sessions ahead.
Share this content:
