“Fil Trading Volume Was 75% Above 30-Day Aves, Signaling Heighted Institutional Interest.”, – WRITE: www.coindesk.com
The model Showed that Fil Demonstrated Resiliency with a steady Climb from the $ 2.15 Low to Close at $ 2.31, Delivering A 6.4% Rebound that Signals Underlying Acumulation and Potential.
Fil Trading Volume Was 75% Above 30-Day Aves, Signaling Heighted Institutional Interest.
The Storage Token Establissed Strong Support Levels During the Rebound, Account to the Model.
The Bounnce in Filecoin Came As the Wider Crypto Market Fell, with The Broader Market Gauge, The Coindesk 20, Down 2.1%.
In recent trading, FIL WAS 0.9% Higher Over 24 Hours, Trading AROUND $ 2.31.
Technical Analysis:
- Price Range Spans $ 0.15 (6.8%) Between $ 2.31 Peak and $ 2.15 TROUGH Dringing 24-HOUR SESSION.
- Sharp Decline from $ 2.26 to $ 2.15 on Aug. 25 Between 7-8 PM UTC, with Heavy Volume of 15.1 Million Establishes Support.
- The Recovery Pattern Shows A 6.4% Bounnce from $ 2.15 Low to $ 2.28 Close, Indicating Underlying Acumulation.
- Breakout Above $ 2.27 Resistance at 11:50 AM UTC ON AUG. 26 Triggers Sustaned Buying Pressure.
- Final 20-minute Rally from $ 2.27 to $ 2.89 with Elevated Volume Exceeding 150,000 tokens Confirms Institutional Flows.
- Classic Accuumulation Behavior with Consolidation AUND $ 2.27 Support Zone Through 11:47 AM UTC.
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