Filecoin (FIL) Soars 70% After Breaking Through $2 as DePIN Sector Rallies

Filecoin (FIL) experienced an explosive 70% rally over 24 hours, moving from $1.33 to $2.27, establishing it as a clear sector leader according to CoinDesk Research's technical analysis. The dramatic movement occurred at 00:00 UTC on November 7, driven by exceptional volume of 72.8 million tokens (247% above the 24-hour simple moving average), which pushed prices past critical resistance at $1.93. The rally followed a three-phase uptrend involving accumulation, breakout, and consolidation above the $2.00 level, validating the uptrend's resilience even as the broader CoinDesk 20 index fell 1.8%. This performance coincided with broader strength in the Decentralized Physical Infrastructure (DePIN) sector, which jumped 11%, while major cryptocurrencies traded mixed.

(Source：CoinDesk)