“The storage token hit an intraday high of $1.26 before selling off sharply to trade down on the day.”, — write: www.coindesk.com
The broader market gauge, the CoinDesk 20 index, was modestly higher at publication time, trading up 0.2% at 2,662.
Trading volatility intensified as the session progressed, with FIL establishing a $0.08 range representing 6.4% of market value, according to CoinDesk Research’s technical analysis model.
The model showed that the peak volume was 6.36 million tokens, or 140% above the 24-hour average, propelling a sharp rally from $1.22 to $1.26 before meeting resistance at $1.266.
The final trading hour revealed dramatic reversal action as FIL fell from $1.266 resistance, accelerating into sharp liquidation that drove prices from $1.261 to $1.20, according to the model.
The model showed massive volume spikes exceeding 497,000 tokens confirmed institutional selling as the token cascaded through multiple support levels.
Technical Analysis:
- Primary resistance capped at $1.266 after failed breakout attempts; support zone established at $1.201-$1.207 following breakdown
- Institutional activity peaked at 6.36 million tokens driving the initial surge; liquidation volume hit 497,000 during the reversal
- Range-bound structure with $0.08 total bandwidth (6.4%); resistance breakdown confirmed failure to sustain higher levels
- Trading floor emerged at $1.207 aligned with session range lows, suggesting potential stabilization near current levels
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.
- 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.
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The decline occurred on volume that was 35% above the token’s 30-day average.
- DOT slipped 2% over 24 hours, giving back early gains.
- The token’s V-shaped recovery from $1.76 supports confirmed buyer interest at key levels.
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