filecoin (FIL) According to Coindesk Research’s technical analysis model, stable gains have been posted in the past 24 hours, an increase of 4%, reflecting the increase in institutional interests.
The model shows that during this period, FIL showed a large volume of transactions, with transactions reaching 2.65 million tokens, significantly exceeding the usual 24-hour average of 1.89 million tokens.
Market data show that the continued upward trajectory of overnight lows, with resistance building near $2.38 levels while maintaining support above $2.33 throughout the session.
Filecoin’s rally is a 2.7% increase as the broader crypto market rises, Coindesk 20, which has recently grown 2.7%.
In recent deals, FIL grew 3.5% in 24 hours, trading at about $2.36.
Technical analysis:
- The 24-hour price range is 5% peaking between $2.26 and $2.38, compared to the last-hour compression range
- In the critical support test, transaction activity exceeded 2.65 million units, 40% compared to the average 24-hour average of 1.89 million units
- Strong support is set at $2.29, with resistance forming about $2.38, while the critical psychological level of $2.35 is still under pressure.
- The uptrend pattern that forms higher overnight lows from lows cleared, although bearish differences occur as the quantity drops in the final trading minutes.
