Share this article
Filecoin Rebounds 6% From Lows in Bullish Reversal
FIL trading volume was 75% above 30-day averages, signaling heightened institutional interest.
Aug 26, 2025, 2:01 p.m.
What to know:
- Filecoin bounced 6% from its lows to trade 1% higher over 24 hours.
- Support has formed in the $2.27 zone.
Filecoin rebounded 6% from its 24 hour lows in a strong bullish reversal, according to CoinDesk Research's technical analysis model.
The model showed that FIL demonstrated resilience with a steady climb from the $2.15 low to close at $2.31, delivering a 6.4% rebound that signals underlying accumulation and potential trend reversal momentum.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
FIL trading volume was 75% above 30-day averages, signaling heightened institutional interest.
The storage token established strong support levels during the rebound, according to the model.
The bounce in Filecoin came as the wider crypto market fell, with the broader market gauge, the Coindesk 20, down 2.1%.
In recent trading, FIL was 0.9% higher over 24 hours, trading around $2.31.
Technical Analysis:
- Price range spans $0.15 (6.8%) between $2.31 peak and $2.15 trough during 24-hour session.
- Sharp decline from $2.26 to $2.15 on Aug. 25 between 7-8 p.m. UTC, with heavy volume of 15.1 million establishes support.
- The recovery pattern shows a 6.4% bounce from $2.15 low to $2.28 close, indicating underlying accumulation.
- Breakout above $2.27 resistance at 11:50 a.m. UTC on Aug. 26 triggers sustained buying pressure.
- Final 20-minute rally from $2.27 to $2.89 with elevated volume exceeding 150,000 tokens confirms institutional flows.
- Classic accumulation behavior with consolidation around $2.27 support zone through 11:47 a.m. UTC.
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
