$FIL Filecoin (FIL) recently bounced from its June low (~$1.98) and is now trading around $2.60, up ~4–6% in the last 24 hours—driven by renewed institutional interest and broader crypto market strength .
Technical picture: Short-term indicators are mixed. Cryptopolitan notes MACD has crossed bullish on daily charts, with potential upside above $2.50—targeting $2.85. But resistance remains at the 50‑ and 100‑day moving averages (~$2.70–2.95) . TradingView flags a “sell” signal on both daily and weekly frames .
Fundamentals & catalyst: Filecoin benefits from growing demand for decentralized storage and new enterprise integrations. MarketBeat highlights its $1.67B market cap and strong $185M+ daily volume .
Outlook: Key support lies around $2.30–2.45. A sustained breakout above $2.75–2.95 could pave the way toward $3.20. Failure to hold support may lead to test of the $2.00–2.20 range.