Filecoin Surges Over 4% After Breaking $1.60 Resistance Level
- FIL price increased by over 4% to $1.65, surpassing the key $1.60 psychological resistance.
- Institutional accumulation was indicated by volume spikes of over 140% above average.
- Price action showed higher lows at $1.52 and $1.55, confirming an uptrend structure.
- The CoinDesk 20 index rose more than 3%, reflecting broader market gains.
- Primary support is now established at $1.52 following the breach of the $1.60 resistance level.
The recent surge in FIL’s price highlights a significant shift in market dynamics, with institutional buying patterns reinforcing the bullish trend after weeks of consolidation.
With a decisive break above $1.60, Filecoin is now targeting the psychological level of $1.65 as its next milestone for growth.(Source)
