2 hours ago
The token tracked broader crypto sentiment connected below-average volume, establishing an ascending trend.
Dec 3, 2025, 5:38 p.m.
Filecoin climbed 2% to $1.57 implicit the past 24 hours, posting humble gains that tracked broader cryptocurrency marketplace movements.
The broader marketplace gauge, the CoinDesk 20 index, roseate 1.6%.
The token's measurement stayed subdued astatine conscionable 9.7% supra seven-day averages, according to CoinDesk Research's method investigation model.
Price enactment showed Filecoin's persistent correlation with wider crypto markets. The token posted lone 1% idiosyncratic question versus the broader integer plus complex, good beneath the 5% threshold signaling autarkic terms discovery, the exemplary said.
Technical factors dominated trading with nary Filecoin-specific catalysts driving sentiment, according to the model.
The exemplary showed that the token built an ascending trendline done astir of the league with higher lows astatine $1.5249, $1.5537, and $1.5581.
Resistance emerged astir the $1.59 level.
Technical Analysis:
- Primary absorption sits astatine $1.59 with aggregate rejections; contiguous enactment astatine $1.57
- Peak trading enactment of 8 cardinal occurred during midday volatility; late-session breakdown showed 259,489 measurement spike
- Ascending trendline negated by final-hour reversal; consolidation scope of $0.0683 represents 4.4% of trading value
- Breakdown beneath $1.556 targets further downside portion reclaim of $1.58 needed to reconstruct bullish momentum
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk's afloat AI Policy.
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