Filecoin (FIL) saw a significant price surge of 6% on June 29, jumping from $2.31 to $2.41 amidst high trading volume. This momentum was met with resistance at the $2.41 level, which has been established as a high-volume resistance point according to CoinDesk Research's technical analysis. Following this peak, FIL reversed course and is currently trading at approximately $2.325, a rise of about 2% over the last 24 hours. A horizontal support zone has formed around the $2.27-$2.28 range where buyers have been active. The technical analysis noted price fluctuations during key trading hours, highlighting the presence of institutional participants at the $2.295 support level. The broader market, as indicated by the CoinDesk 20, rose by 1.9% at the time of publication, showing a general upward trend in the crypto market despite FIL's recent retracement.

Source 🔗