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Filecoin Rises 3.6% After Establishing Support Zone Around $2.68
The FIL token has established a higher trading range despite significant market volatility.
Jun 11, 2025, 3:33 p.m.
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What to know:
- Filecoin rallied after establishing a support zone at $2.68-$2.69.
- The token is 3.6% higher, trading around $2.755.
Filecoin has established a higher trading range amid significant market volatility, with multiple price bounces confirming support levels around $2.68-$2.69, according to CoinDesk Research's technical analysis model.
The token is currently 3.6% higher over 24 hours, trading around $2.755.
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The price action comes as ether whales return to the market, potentially signaling the start of renewed interest in alternative cryptocurrencies.
The broader market gauge, the CoinDesk 20, was 0.8% higher at publication time.
Technical Analysis:
- FIL-USD demonstrated resilient price action over the 24-hour period, establishing a trading range of 2.642-2.735 (3.52% range).
- Notable support at 2.680-2.690 confirmed by multiple bounces.
- The 12:00 hour marked a pivotal moment with exceptional volume (4.12M), more than double the period average.
- Bullish momentum maintained through subsequent hours, with price consolidating above 2.710.
- In the last hour, FIL-USD exhibited notable volatility with a significant price swing, reaching a peak of 2.735 at 13:28 before dropping to 2.713 by 13:32.
- The slip coincided with the highest volume spike of the period (104,483 units), suggesting strong selling pressure at resistance levels.
- Asset has since established a consolidation pattern between 2.718-2.722, with multiple tests of support around 2.718 showing buyer interest.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Key bitcoin price levels to watch as downward pressure builds
As bitcoin remains in a downtrend, several technical and onchain levels stand out as critical areas of support.
What to know:
- The 100-week moving average at $87,145 remains the main line of defense.
- Below this, the cost basis of U.S. spot bitcoin ETF buyers at $84,099 has provided support during recent consolidation.
- A sustained break below $80,000 would likely open the door to a revisit of the April 2025 low near $76,000.
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