CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-06-17 16:06:42

Filecoin Plunges 6% On Heavy Volume, Breaks Technical Support at $2.52 Level

Filecoin FIL underwent a notable 5.8% decline over the 24-hour period, dropping from a high of $2.569 to a low of $2.406, according to CoinDesk Research's technical analysis model. The token found support at the $2.41-$2.42 range, forming a potential consolidation zone after the sharp decline, the model showed. Filecoin is currently trading 4.9% lower, around $2.425. The broader market gauge, the CoinDesk 20 was 2% lower at publication time. Technical Analysis: FIL-USD underwent a notable 5.8% decline over the 24-hour period, dropping from a high of $2.569 to a low of $2.406. Heavy selling pressure occurred between 22:00-00:00 UTC when volume spiked to over 7 million units. The token found support at the $2.41-$2.42 range, forming a potential consolidation zone after the sharp decline. Technical analysis reveals a breakdown of the $2.52 support level that had previously held during the first half of the period. Resistance is now established at $2.56, where multiple rejection wicks formed before the downtrend accelerated. The high-volume selling suggests institutional distribution and potential further downside unless buyers can reclaim the $2.45 level. In the last hour, FIL-USD demonstrated notable volatility with a recovery attempt from the previous correction. Price action formed a V-shaped pattern, initially dropping to a low of $2.411 before staging a significant rally to reach $2.427 Volume peaked during the upward movement at over 55,000 units traded, suggesting strong buying interest at support levels. The asset has since consolidated between $2.415-$2.418, establishing a potential short-term horizontal support zone. Multiple rejection wicks formed at the $2.420 resistance level. This price action indicates potential stabilization following the earlier decline, though modest volume in the final minutes suggests caution before confirming a trend reversal. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta