I just noticed Filecoin took a serious hit today. Over the last 24 hours—from about 10:00 UTC on July 14 to 09:00 UTC on July 15—FIL dropped roughly 5.6%, falling from around $2.66 to nearly $2.51 . It feels like the broader crypto market was cooling off too, with the CoinDesk 20 index down about 3.8% in the same window .
On the technical front, it seems the $2.66 mark is now acting as resistance and price is testing the support level near $2.50 . What really stood out to me was the volume spike—particularly around 02:00–03:00 UTC on July 15—when over 6.3 million FIL swapped hands as the price plunged . It was a two-phase move: a drop, then some consolidation, followed by a small rebound starting around 09:01 UTC. Institutional buyers seemed to step in near the lower end—volumes there surpassed 71,000 FIL .
I’m paying close attention to that $2.50 support. If it holds, we could see a knee-jerk rally—or perhaps the Avalanche partnership announcement will give FIL a boost. But if that level breaks, we might be in for further downside.
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