Filecoin Rises 2% After Breaking Through Resistance at $2.37

Core Insights - Filecoin (FIL) experienced a price increase of 2% over the last 24 hours, moving from $2.37 to $2.42, with strong support identified at the $2.31 level [1][5] Price Movement and Trading Activity - The price breakthrough occurred as FIL surpassed the $2.37 resistance level, supported by a significant trading volume of 6,938,918, which is approximately three times the daily average, indicating strong institutional interest [2][5] - Recent trading saw Filecoin at approximately $2.415, reflecting a 1.7% increase, while the broader crypto market, represented by the CoinDesk 20, also rose by 2% [2] Technical Analysis - A solid support foundation has been confirmed at the $2.31 level, while a critical resistance level was penetrated at $2.37 [5] - A new resistance zone has been established at $2.43, although this was accompanied by reduced trading volume as the session approached closure [5]