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By CD Analytics, Will Canny|Edited by Stephen Alpher
Aug 11, 2025, 4:36 p.m.
- FIL slumped 7% before bouncing to trade 2% lower over 24 hours.
- The token has strong support at the $2.49 level with resistance at $2.68.
Filecoin
exhibited high volatility throughout the 24-hour trading session, registering a comprehensive 7% range, according to CoinDesk Research’s technical analysis model.
The model showed that FIL hit a high of of $2.68 and a subsequent low of $2.49, during the period.
STORY CONTINUES BELOW
FIL endured a precipitous decline commencing approximately 07:00 on Aug. 11, down markedly to $2.49 by midday accompanied by robust volume of 8.88 million during the 12:00 trading hour, consequently establishing substantial volume-supported foundations at approximately $2.49, according to the model.
The token has recouped some of its earlier losses to trade 2% lower over 24 hours, at around $2.56.
The bounce in FIL came as the wider crypto market rose, with the broader market gauge, the Coindesk 20, recently up 1.1%.
Technical Analysis:
- FIL traded between $2.49-$2.68 during the 24-hour period
- Substantial resistance established at the $2.68 level with volume exceeding 3.80 million.
- Robust support materialised at $2.49 with peak volume of 8.88 million during the 12:00 hour.
- The token has recouped some its earlier losses to trade 2% lower over 24-hours
- Increasing volume during the recovery phase with peak at 78,053 units suggests renewed purchasing interest.
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.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
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By Jamie Crawley, CD Analytics|Edited by Stephen Alpher
1 hour ago
Internet Computer saw a sharp reversal after testing $5.75 before staging a partial recovery.
What to know:
- ICP fell from $5.75 to $5.43 in a 5% swing before staging a partial recovery.
- Selling volume hit 965,595 units, nearly double the 24-hour average.
- Push from $5.46 to $5.54 signaled renewed buying interest.
