Overview

Filecoin has experienced a notable increase of 4% as it reflects rising institutional interest in the cryptocurrency sector.

Key Points:

• Filecoin, identified by its ticker FIL, reached $2.4364.
• Trading volume spiked significantly, with approximately 2.65 million tokens traded, substantially higher than the usual average of 1.89 million.
• The coin finds its resistance at $2.38 while strong support has been established at $2.29.

Market Context

The broader cryptocurrency market is also seeing positive movement, with the Coindesk 20 index up 2.7% overall during this rally.