The currency $FIL

has retraced some of its recent gains to trade 2% higher

The currency #Filecoin experienced a sharp increase of 6.1% on June 29, soaring from $2.31 to $2.41 with exceptionally high trading volume, before facing resistance and retreating.

The model indicated that high-volume resistance was formed at the $2.41 level.

A horizontal support area was formed around $2.27-$2.28, where buyers consistently entered during the consolidation period, according to the model.

In recent trades, the FIL currency rose by 1.8% over 24 hours to reach approximately $2.325. The broader market index, Coin,,Desk 20, rose by 1.9% at the time of publication.

Technical Analysis:

The stock $FIL saw a sharp price increase of 6.05% during 22:00 on June 29, jumping from $2.31 to $2.41 with exceptional trading volume of 7.6 million shares.

Clear resistance was established for the high trading volume at the $2.41 level, with a total price range of $0.14 (5.97%) over a 24-hour period.

A horizontal support area was formed around the $2.27-$2.28 level, where buyers consistently entered during the consolidation period.

A descending channel formed after testing the resistance, dropping to $2.29 by 18:33 before recovering to close at $2.30.

Trading volumes saw a sharp increase during key reversals, especially at 18:32 (72.7 thousand shares) and 18:46 (70.3 thousand shares),

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