“The storage token outperformed the broader crypto market during a volatile session.”, — write: www.coindesk.com
The broader market gauge, the CoinDesk 20 index, was 2.2% higher at publication time.
The storage token climbed from $1.51 to $1.59 over the session, carving out a $0.21 range (13.9%) while volume registered at approximately 91% of its 30-day average, suggesting controlled directional positioning rather than speculative froth, according to CoinDesk Research’s technical analysis model.
The model showed that the measured volume profile, falling short of the 110% threshold that signals elevated institutional participation, pointed to efficient positioning by informed traders.
The outperformance versus the crypto benchmark suggested rotational interest in storage infrastructure plays rather than Filecoin-specific developments, the model said.
The rally occurred without clear fundamental catalysts, making technical factors the primary driver, according to the model, with algorithmic momentum strategies responding to breakout signals rather than fundamental repositioning.
Technical Analysis:
- Immediate support at $1.58-$1.59 zone; breakdown below $1.575 negates bullish structure
- Primary support base at $1.50-$1.52 consolidation range established by high-volume accumulation
- Resistance at $1.63 must be reclaimed with sustained volume for continuation
- Session high resistance at $1.68 represents a key upside target
- 24-hour session volume at 91% of 30-day average indicated measured participation
- A reclamation of $1.63 with volume targets retest of $1.68 session high
- Breakdown below $1.575 targets $1.52-$1.54 support zone
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.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report
The VC mogul has previously said crypto apps must hide blockchain complexity or risk missing mass-market adoption.
- Fred Wilson predicts crypto will become more user-friendly in 2026.
- Wilson, who was an early investor in Coinbase, wrote his first post about bitcoin in 2011, calling it an “interesting investment opportunity.”
Read full story