Filecoin Soars 4% While Crypto Market Does Its Best Rocket Impression 🚀

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Markets

What to know:

  • FIL took a 4% jump in the last 24 hours, tagging along for the crypto market’s wild ride.
  • Support showed up at $2.31, just in case anyone needed a safety net.

In case you’ve been living under a rock or just don’t check CoinDesk every five minutes, Filecoin (FIL) pulled off a 4% increase in the past 24 hours. That’s some serious pep in its step, considering the whole crypto market was shaking its hips and doing the cha-cha. 🙃

The mighty FIL token gallivanted from a humble $2.25 to a sprightly $2.38, while traders held their breath-except for the ones who were busy hitting refresh and hoping for more. There was some drama around the $2.31 support level, but don’t worry, this digital hero kept pushing forward, like a squirrel on espresso. đŸżïžđŸ’„

The price action wasn’t just a fluke either-this wasn’t a one-hit-wonder like that song you regret downloading from Limewire in 2003. No, it was part of a larger bullish trajectory that made traders think, “Hey, maybe this Filecoin thing isn’t just a fever dream.”

And in other news, IoTeX launched the Real World AI Foundry, a group so fancy they probably wear monocles. They aim to create shared standards for AI trained on live data, and guess who’s joining the fun? Yep, Filecoin. Because why not, right? Just another Wednesday in crypto. đŸ€–

As for the broader market, well, the CoinDesk 20 index took a 3% leap, so it’s not just FIL throwing a party. The whole gang is getting involved. đŸ„ł

Technical Analysis:

  • FIL’s bullish momentum was like a rocket on espresso, climbing from $2.25 to $2.38 in no time.
  • The token planted its flag at $2.31, with some solid volume backing it up, like a sturdy chair at Thanksgiving dinner.
  • Resistance showed up at $2.36, but the token rejected it like a bad date and kept going.
  • The price action was basically saying, “Hey, I’m not done yet,” breaking through the $2.36 resistance like a contestant on a game show. “What’s behind door number 2? More gains!”

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2025-10-02 22:15