Filecoin Gains as Much as 9% Amid Wider Crypto Market Rally | Breaking Crypto News & Blockchain Updates

Filecoin Gains as Much as 9% Amid Wider Crypto Market Rally — FilecoinFIL$2.4071surged as much as 9% in the last 24 hours, climbing from $2.24 to $2.44 with exceptional volume support at the $2.30 level, accordin...

FilecoinFIL$2.4071surged as much as 9% in the last 24 hours, climbing from $2.24 to $2.44 with exceptional volume support at the $2.30 level, according to CoinDesk Research's technical analysis model.

The model showed that FIL has established strong support at $2.40 despite wider market uncertainty.

Filecoin is holding an informal networking evening on July 3 in Cannes, aligned withEthCC.

The rally in Filecoin came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 3.9%.

In recent trading, FIL was 6.4% higher over 24 hours, trading around $2.395.

Technical Analysis:

CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information fromCoinDesk Dataand other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in ourAI policy.

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

About

Contact