“The token has support at the $1.52 level and resistance at $1.65.”, — write: www.coindesk.com
The model showed institutional accumulation with two major spikes above 140% of average volume.
The storage token broke decisively through $1.60 resistance after weeks of consolidation, according to the model.
Price action demonstrated textbook institutional buying patterns with higher lows at $1.52 and $1.55 confirming the uptrend structure.
In recent trading, FIL was 4.4% higher over 24 hours, around $1.65.
The broader crypto market also rose, with the CoinDesk 20 index up over 3%.
Technical Analysis:
- Primary support locked at $1.52 with $1.60 resistance decisively breached; next target $1.65 psychological level
- Exceptional spikes at 140% and 162% above average confirmed institutional accumulation during key breakout phases
- Clean breakout from consolidation with higher lows establishing a clear uptrend structure above $1.60
Disclaimer: Parts of this article were generated with the assistance of 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.
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On the news front, Aave said it would expand its collateral assets with Maple Finance’s institutional-grade yield tokens.
- AAVE advanced 2.5% to $232, reversing an overnight selloff and breaking above $224.50 resistance early Tuesday afternoon.
- A double-bottom formation near $220 was held, supported by an 87% surge in trading volume.
- Aave will begin listing Maple’s institutional-grade assets as collateral in a new strategic partnership.
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