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Filecoin slides 5% alongside major decline in broader crypto market
FIL dropped to $1.24 as the technical breakdown accelerated on heavy volume, 380% above average.
Dec 15, 2025, 9:17 p.m.
What to know:
- FIL declined sharply as crypto markets fell across the board on Monday.
- Volume surged to 11.7 million during the decisive breakdown
- Technical momentum accelerated downward with three consecutive lower lows confirmed.
Filecoin broke through critical technical support on Monday, with the token dropping 5.1% to $1.24 as a massive volume surge signaled institutional selling pressure, according to CoinDesk Research's technical analysis model.
The broader crypto market fell sharply as well, with bitcoin registering a 3.5% decline and the CoinDesk 20 4.4%.
STORY CONTINUES BELOW
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Trading volume exploded to 11.74 million tokens, nearly 400% above normal levels, as bears overwhelmed buyers at the $1.25 support zone, according to the model.
The model showed that the selling accelerated in recent hours, with three consecutive lower lows confirming the technical structure collapse.
The breakdown opens the door to deeper losses toward $1.23, with resistance now cemented at $1.25 former support.
Technical Analysis:
- Primary resistance cemented at $1.35 following failed recovery attempts
- Critical support breach confirmed at $1.245
- Next major demand zone targets $1.23-1.235 range based on prior structure
- Ascending trend support failure opens door to deeper retracement levels
- Exceptional volume surge of 380% above average confirms breakdown validity
- High-volume breakdown suggests institutional participation rather than retail selling
- Key resistance for any relief rally: $1.25 former support level
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Filecoin drops as bears test support
The storage token faced selling pressure at the $1.33 resistance level while institutions accumulated on the dips.
What to know:
- FIL declined from $1.32 to $1.29 over 24 hours as a bearish channel pattern emerged.
- Trading volume was 180% above average during the rejection from $1.33 resistance.
- A sharp bounce from $1.28 support signals institutional buying interest at key levels.
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