Filecoin (FIL) has tested the $2.50 resistance level but subsequently declined to trade at approximately $2.43. The cryptocurrency showed a V-shaped recovery pattern during the trading session, initially dropping from $2.44 to find support at the $2.41-$2.42 range before rallying to $2.50 in morning trading. However, selling pressure emerged at the resistance level, where institutional trading volume reached 4.7 million tokens. The trading range over the past 24 hours indicated a volatility of 3.3%, with strong support indicated by a high trading volume that surpassed the average of 2.80 million units in the $2.41-$2.42 zone. Overall, FIL was 0.3% lower in the 24-hour period, aligning with a broader market decline where the CoinDesk 20 index decreased by 0.8%.

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