Filecoin Rises 2.4% but Falls Below Support; $2.93 Level Remains a Key Barrier
November 10, 2025 — Filecoin (FIL) gained 2.4% to trade near $2.62 on Friday, but the token’s technical outlook weakened as it broke below critical $2.60 support, according to CoinDesk Research’s technical model.
FIL fluctuated within a $0.33 range, marking a 12.5% intraday swing as institutional activity tested major price zones. Trading volume spiked around 03:00 UTC, when roughly 21.5 million tokens changed hands — a 78% increase over baseline — briefly lifting prices from $2.71 to a session high of $2.93 before sellers took control.
That $2.93 mark now stands as a strong resistance point, limiting upward momentum and defining near-term trading boundaries.
The broader crypto market also gained, with the CoinDesk 20 Index (CD20) advancing 5.7% over the same period.
Technical Snapshot
- Support: Primary at $2.60; secondary at $2.55–$2.58
- Resistance: Firm at $2.93, with an intermediate cap near $2.81
- Volume: Activity peaked at 21.5M tokens during resistance test; declined sharply into session close
- Outlook: Breakdown from the $2.63–$2.93 range increases downside risk toward the $2.55–$2.58 zone. A sustained move above $2.63 would be needed to restore bullish momentum.
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