Filecoin FIL Price Surges 2% Breaking Key $2.37 Resistance Level With Heavy Trading Volume

Filecoin (FIL) has demonstrated significant bullish momentum with a 2% price increase over the past 24 hours, climbing from $2.37 to $2.42 according to CoinDesk Research's technical analysis. The cryptocurrency established strong support at $2.31 while successfully breaking through the critical $2.37 resistance level. This breakthrough occurred alongside exceptionally high trading volume of 6,938,918 FIL - approximately three times the daily average - indicating substantial institutional participation and confirming the bullish trend toward the $2.42 peak. In recent trading sessions, Filecoin maintained gains of 1.7%, trading around $2.415. The broader cryptocurrency market also showed positive movement, with the CoinDesk 20 index rising 2%. Technical indicators reveal solid support at $2.31, successful resistance penetration at $2.37, exceptional trading volume triple the daily average, and a new resistance zone forming at $2.43 as volume decreases toward session close.