Filecoin (FIL) Jumps More Than 4% After Retaking $1.60 Resistance Level
CoinDesk
Filecoin (FIL) surged over 4% to $1.65, breaking the key $1.60 resistance level with signs of institutional accumulation.Summary
Filecoin (FIL) surged more than 4% to $1.65 on Tuesday afternoon, decisively breaking above the key psychological resistance level of $1.60 after weeks of consolidation, according to CoinDesk Research's technical analysis model. The uptrend structure was confirmed by higher lows established at $1.52 and $1.55. The model indicated institutional accumulation, evidenced by two major volume spikes exceeding 140% of the average volume during key breakout phases. Technical analysis places primary support at $1.52, with the next target being the $1.65 psychological level, while the broader crypto market also saw gains, with the CoinDesk 20 index up over 3%.
(Source：CoinDesk)