Filecoin (FIL) rose 2% over the last 24 hours, advancing from $2.37 to $2.42, according to CoinDesk Research's technical analysis model.

The model showed that the digital asset formed robust support at the $2.31 level.

The most notable price breakthrough materialized as FIL successfully penetrated the $2.37 resistance barrier amid heavy trading volume of 6,938,918, approximately three times the daily average, indicating significant institutional participation and validating the bullish momentum toward the $2.42 peak, according to the model.

In recent trading, Filecoin was 1.7% higher, around $2.415.

The wider crypto market also rose, with the broad market gauge, the CoinDesk 20, up 2%.

Technical Analysis: • Solid support foundation confirmed at $2.31 • Critical resistance penetrat

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