Filecoin Rises More Than 4% Amid Wider Crypto Market Rally

Filecoin (FIL) performed strongly over the last 24 hours with a 4% gain, according to CoinDesk Research's technical analysis model. The model showed that the token advanced from a low of $2.25 to a high of $2.38. Sustained buying pressure persisted despite mid-session volatility around $2.31 support, according to the model. The recovery pattern reinforced the broader bullish trajectory established throughout the 24-hour period. On the news front, IoTeX has launched the Real World AI Foundry, a global alliance to create shared standards for AI trained on live data, which Filecoin has joined as an alignment partner, according to a post on X . The wider crypto market also rose, with the broad market gauge, the CoinDesk 20, up 3%. Technical Analysis: FIL posts strong bullish momentum during the 24-hour period advancing from $2.25 to $2.38. The token established clear support around the $2.31 level with high-volume confirmation during early morning hours. Resistance emerged near $2.36 with multiple rejections earlier in the day. Recent price action shows a compelling recovery pattern, as the token broke through resistance at the $2.36 level. 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 .