Filecoin FIL Surges 4% As Crypto Market Rally Boosts Decentralized Storage Token

Filecoin (FIL) demonstrated robust performance with a 4% price increase over the past 24 hours, according to CoinDesk Research's technical analysis. The cryptocurrency climbed from a low of $2.25 to reach a high of $2.38 during this period. Despite some volatility around the $2.31 support level, sustained buying pressure maintained the upward momentum throughout the session. The recovery pattern confirmed the broader bullish trend established during the 24-hour timeframe. In related developments, Filecoin has joined IoTeX's Real World AI Foundry as an alignment partner, a global alliance focused on creating shared standards for AI trained on live data. The wider cryptocurrency market also showed positive movement, with the CoinDesk 20 index gaining 3%. Technical indicators revealed strong bullish momentum with clear support around $2.31 and resistance near $2.36, which was subsequently broken through in recent price action.