Filecoin (FIL) exhibited high volatility throughout the 24-hour trading session, registering a comprehensive 7% range, according to CoinDesk Research’s technical analysis model.
The model showed that FIL hit a high of of $2.68 and a subsequent low of $2.49, during the period.
FIL endured a precipitous decline commencing approximately 07:00 on Aug. 11, down markedly to $2.49 by midday accompanied by robust volume of 8.88 million during the 12:00 trading hour, consequently establishing substantial volume-supported foundations at approximately $2.49, according to the model.
The token has recouped some of its earlier losses to trade 2% lower over 24 hours, at around $2.56.
The bounce in FIL came as the wider crypto market rose, with the broader market gauge, the Coindesk 20, recently up 1.1%.
Technical Analysis:
FIL traded between $2.49-$2.68 during the 24-hour period
Substantial resistance established at the $2.68 level with volume exceeding 3.80 million.
Robust support materialised at $
We współpracy z: https://www.coindesk.com/markets/2025/08/11/filecoin-narrows-loss-after-7-slump
