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By Will Canny, CD Analytics|Edited by Aoyon Ashraf
Aug 26, 2025, 2:01 p.m.
- Filecoin bounced 6% from its lows to trade 1% higher over 24 hours.
- Support has formed in the $2.27 zone.
Filecoin FIL$2.2980 rebounded 6% from its 24 hour lows in a strong bullish reversal, according to CoinDesk Research’s technical analysis model.
The model showed that FIL demonstrated resilience with a steady climb from the $2.15 low to close at $2.31, delivering a 6.4% rebound that signals underlying accumulation and potential trend reversal momentum.
STORY CONTINUES BELOW
FIL trading volume was 75% above 30-day averages, signaling heightened institutional interest.
The storage token established strong support levels during the rebound, according to the model.
The bounce 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 during 24-hour session.
- Sharp decline from $2.26 to $2.15 on Aug. 25 between 7-8 p.m. UTC, with heavy volume of 15.1 million establishes support.
- The recovery pattern shows a 6.4% bounce from $2.15 low to $2.28 close, indicating underlying accumulation.
- Breakout above $2.27 resistance at 11:50 a.m. UTC on Aug. 26 triggers sustained buying pressure.
- Final 20-minute rally from $2.27 to $2.89 with elevated volume exceeding 150,000 tokens confirms institutional flows.
- Classic accumulation behavior with consolidation around $2.27 support zone through 11:47 a.m. UTC.
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.
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.
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.
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By Will Canny, Helene Braun, AI Boost|Edited by Stephen Alpher
35 minutes ago
Since the beginning of June, ether treasury companies and ETH ETFs have purchased a massive 4.9% of the crypto’s circulation, the bank’s Geoff Kendrick said.
What to know:
- Since June, ether treasury companies have bought 2.6% of the crypto’s supply, and ETH ETFs another 2.3%, according to Standard Chartered’s Geoff Kendrick.
- Kendrick sees ether hitting $7,500 by year end, and views the recent dip as a strong entry point.
- Multiples for two notable ether treasury companies, Sharplink Gaming and Bitmine Immerisoin, trail bitcoin giant Strategy despite capturing ETH’s 3% staking yield, the report noted.
