Filecoin Gains 5%, Marking the Start of a Fresh Uptrend -

Filecoin Gains Nearly 4% as Market Momentum Builds

Filecoin (FIL) rose 3.74% over the last 24 hours to trade around $2.64, tracking broader gains across crypto markets as the CoinDesk 20 index climbed approximately 4%.

Data from CoinDesk Research indicates that Filecoin is establishing a steady uptrend, supported by a series of higher lows—a classic sign of growing bullish sentiment.

Throughout the session, FIL maintained support between $2.54–$2.55 while testing resistance at $2.62–$2.63, which it eventually cleared during early trading hours in Asia.

The rally coincided with news from X (formerly Twitter) that Theoriq AI is partnering with the Filecoin Foundation to build AI agents utilizing open data from the Filecoin network, adding a fresh catalyst to market optimism.

Key Technical Levels:

Price Range: FIL traded between $2.56 and $2.66, marking a 4.75% rise over the session.
Support Zones: Higher lows at $2.54 and $2.55 signaled strong buying interest.
Resistance Levels: Initial resistance clustered around $2.62–$2.63, later broken as trading volume increased.
Volume Surge: Trading volume spiked above 5.4 million around 05:00 UTC, nearly double the daily average of 2.8 million, pointing to institutional activity.
Volatility: Prices swung within a $0.15 band between $2.54 and $2.69, reflecting a 5.56% volatility range.
Reversal Action: A swift reversal occurred near $2.66–$2.67, accompanied by significant volume exceeding 150,000 units.