Recently, Filecoin has demonstrated a continued increase in value, now sitting at $2.44.

Current Market Status:

• Support has been established within the range of $2.38-$2.39.
• Resistance is currently noted at $2.46.

Filecoin has gained 3% amid a broader crypto market upturn. Using CoinDesk Research’s technical analysis model, it has been observed that during the last 24 hours, Filecoin rose from $2.38 to $2.44. Strong volume, notably swelling to 7 million units between 6:00 AM ET, reinforced the support levels.

Key Highlights:

• Files show strong momentum with significant volume validation during an early trading period.
• A concrete technical barrier emerged as price struggled near the $2.46 mark, suggesting a notable resistance.
• The broader crypto market reflected positivity, with the CoinDesk 20 index increasing by 2.7%.

In addition to pricing updates, Filecoin is also set to host a discussion on Spaces regarding AI’s future, as referenced in a recent post on X.