crypto-economy.com
TL;DR
- Filecoin ($FIL) rose 1.8% in 24 hours, showing atypical strength against the CoinDesk 20 decline.
- The rise occurred with above-average volume, driven by capital rotation into infrastructure assets.
- Key trading levels are set between support at $1.61 and resistance at $1.65-$1.67.
While most of the digital asset ecosystem was registering losses, Filecoin, the decentralized storage token, stood out with a 1.8% gain in the last 24 hours, trading at $1.62. This price movement demonstrates remarkable relative strength, with Filecoin defying the general crypto market weakness, evidenced by a 1% drop in the broad indicator.
Filecoin’s advance was not an isolated event; the token was backed by high transaction volume. According to makert data technical analysis model, this behavior is consistent with a rotation of capital by traders towards blockchain infrastructure projects.
$FIL’s superior performance suggests focused interest in the sector’s fundamentals, even when risk aversion dominates overall market sentiment. During the session, the storage token experienced a total volatility of 7.5%, moving within a trading range of $0.13.
Technical Analysis: Key Levels to Watch in $FIL
Technical model data shows that $FIL found a solid buyer base near the primary support level of $1.61, which pushed the price upwards. However, the momentum met a selling wall in the critical resistance zone located between $1.65 and $1.67. It is important to note that this same zone had already halted a previous rally that sought to reach $1.74, a level that remains a short-term challenge.
Regarding trading activity, $FIL’s daily volume increased by 21% above its weekly average, remaining within normal consolidation parameters. However, analysts recall that a massive peak of 18.07 million (190% above the simple moving average) on November 25 marked a failed bullish breakout attempt. Since then, a descending channel with decreasing volume has developed, confirming a consolidation phase.
While institutional liquidation temporarily created a support breakdown pattern, $FIL’s current strength holds. The tightest immediate resistance level is between $1.614 and $1.617, offering an opportunity for re-evaluation towards $1.65.
On the downside, if the $1.61 support fails to hold against an expansion of selling volume, the downside target is projected towards $1.60. Filecoin’s resilience, while market breadth struggles, highlights the narrative that fundamental value continues to attract capital in specific niches, confirming that Filecoin successfully defies market weakness for now.