Filecoin climbs after breaking above $1.29 resistance zone

Filecoin climbs after breaking above $1.29 resistance zone Technical momentum built as institutional flows drove price through key resistance levels amid an 87% volume surge above average. What to know: FIL climbed to $1.32 from $1.27. Volume reached 2.9 million tokens, confirming $1.29 breakout. Institutional accumulation patterns emerged with structured higher lows. Filecoin advanced 4.3% to $1.32 over 24 hours as institutional flows powered the token through critical resistance levels. Filecoin climbs 4% after breaking above $1.29 resistance zone. The advance unfolded across a controlled $0.06 range, establishing clear upward momentum that traders positioned for extended gains, according to CoinDesk Research's technical analysis model. See all newsletters The model showed volume confirmation arrived at midnight UTC with 2.9 million tokens changing hands, 87% above the session's 1.55 million average. The surge validated FIL's break above $1.29 resistance, transforming the level into new support, according to the model. Higher lows at $1.260, $1.277, and $1.291 signaled institutional accumulation replacing retail volatility, the model said. The final push above $1.32 on elevated volume targets the $1.33-1.335 resistance cluster. The rally in FIL came as wider crypto markets also rose. The CoinDesk 20 index was 2.5% higher at publication time. Technical Analysis: Primary support anchored at $1.29 Immediate resistance target spans $1.330-1.335 zone Session high resistance at $1.325 successfully tested Peak volume hits 2.9 million tokens (87% above 24-hour SMA) Ascending trendline emerges with higher lows structure Volume-confirmed breakout validates resistance breach Primary upside target spans $1.330-1.335 resistance zone Risk/reward metrics favor continuation above $1.32 Disclaimer : Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. More For You Protocol Research: GoPlus Security What to know: As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. More For You Hut 8’s AI data center deal is bigger than meets the eye: Benchmark lifts price target to $85 Shares of the bitcoin miner jumped higher last week on its $7 billion pact with Google-backed Fluidstack. What to know: Benchmark analyst Mark Palmer said Hut 8’s $7 billion, 15-year Fluidstack lease at River Bend underscores its shift toward institutional-grade digital infrastructure. Google’s payment backstop and expansion/renewal options could see the potential contract value rising to about $17.7 billion, according to Palmer. Palmer raised...

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