Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Filecoin declines as crypto markets retreat
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Filecoin declines as crypto markets retreat
Filecoin declines as crypto markets retreat
Filecoin declines as crypto markets retreat
FIL has support at the $1.52 level and resistance in the $1.59-$1.60 zone.
By Will Canny, CD Analytics|Edited by Cheyenne Ligon
Jan 7, 2026, 2:22 p.m.
Make us preferred on Google
Filecoin declines as crypto markets retreat.
What to know:
- FIL slipped 3.6% to $1.54.
- The CoinDesk 20 index was 3.6% lower at publication time.
Storage token Filecoin FIL$1.5439 fell 3.6% over the last 24 hours, tracking weakness in the wider cryptocurrency market.
The broader market gauge, the CoinDesk 20 index, was also 3.6% lower at publication time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
Filecoin's volume ran 30% above the 30-day moving average, though participation failed to breach elevated thresholds that typically confirm directional conviction, according to CoinDesk Research's technical analysis model.
The model showed that the token exhibited range-bound volatility. Total range measured $0.08 (5.0%) with a session high of $1.61 and low of $1.52.
The most significant volume event materialized yesterday evening when participation spiked to 7.30 million, 95% above the 24-hour simple moving average of 3.74 million, according to the model.
This spike coincided with sharp downside rejection from resistance near $1.60 and established critical support at $1.52, the model said.
The model showed that price subsequently recovered to retest the $1.59-$1.60 resistance zone multiple times on declining volume, forming a consolidation pattern with support holding above $1.55 through the final hours.
Technical Analysis:
- Primary resistance: $1.59-$1.60 zone tested multiple times on declining volume, indicating exhaustion
- Critical support: $1.52 established during spike low with 7.30 million volume
- 24-hour participation: 30% above 30-day moving average, below elevated interest threshold
- Failed breakout: Two-minute whipsaw from $1.561 to $1.57 and back suggests algorithmic activity
- Declining volume retests: Multiple attempts at $1.59-$1.60 resistance on diminishing participation
- Downside risk: Support breakdown below $1.52 exposes limited technical structure
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.
AI Market InsightsFilecoinTechnical Analysis
More For You
KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Commissioned byKuCoin
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.
View Full Report
More For You
Rumble introduces crypto wallet with Tether, allowing tips in BTC, USDT, XAUT
Integrated into the Rumble app, the non-custodial wallet allows fans to tip content producers.
What to know:
- Rumble has launched a non-custodial crypto wallet in partnership with Tether, allowing users to tip creators in BTC, USDT, and XAUt.
- The Rumble Wallet is the first live deployment of Tether’s Wallet Development Kit and keeps user custody fully decentralized.
- The feature, integrated into the Rumble app and powered by MoonPay, adds a new income stream for creators outside ads or subscriptions.
Read full story
Latest Crypto News
Former Brazil central bank official unveils real-pegged stablecoin with yield sharing
CoinDesk 20 Performance Update: Uniswap (UNI) Falls 1.5% as Index Trades Lower
Rumble introduces crypto wallet with Tether, allowing tips in BTC, USDT, XAUT
Babylon Labs raises $15 million from a16z crypto to develop Bitcoin collateral infrastructure
Ripple again rules out IPO, saying balance sheet gives it room to stay private
Strategy’s STRC perpetual preferred stock returns to $100, may trigger more bitcoin buying
Top Stories
Crypto Markets Today: Bitcoin slides as Asia-led sell-off hits altcoins
Morgan Stanley files for ether trust after bitcoin and solana ETF push
Ripple again rules out IPO, saying balance sheet gives it room to stay private
Bitcoin miners chase AI demand as Nvidia says Rubin is already in production
XRP could outperform bitcoin as XRP/BTC chart shows rare Ichimoku breakout since 2018
Start-of-the-year recovery rally stalls: Crypto Daybook Americas
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
⁉️ Epstein, a convicted pedo, invested in Coinbase
The post ⁉️ Epstein, a convicted pedo, invested in Coinbase appeared on BitcoinEthereumNews.com. The latest Epstein Files release has placed a variety of powerful
Share
BitcoinEthereumNews2026/02/07 04:07
North America Sees $2.3T in Crypto
The post North America Sees $2.3T in Crypto appeared on BitcoinEthereumNews.com. Key Notes North America received $2.3 trillion in crypto value between July 2024 and June 2025, representing 26% of global activity. Tokenized U.S. treasuries saw assets under management (AUM) grow from $2 billion to over $7 billion in the last twelve months. U.S.-listed Bitcoin ETFs now account for over $120 billion in AUM, signaling strong institutional demand for the asset. . North America has established itself as a major center for cryptocurrency activity, with significant transaction volumes recorded over the past year. The region’s growth highlights an increasing institutional and retail interest in digital assets, particularly within the United States. According to a new report from blockchain analytics firm Chainalysis published on September 17, North America received $2.3 trillion in cryptocurrency value between July 2024 and June 2025. This volume represents 26% of all global transaction activity during that period. The report suggests this activity was influenced by a more favorable regulatory outlook and institutional trading strategies. A peak in monthly value was recorded in December 2024, when an estimated $244 billion was transferred in a single month. ETFs and Tokenization Drive Adoption The rise of spot Bitcoin BTC $115 760 24h volatility: 0.5% Market cap: $2.30 T Vol. 24h: $43.60 B ETFs has been a significant factor in the market’s expansion. U.S.-listed Bitcoin ETFs now hold over $120 billion in assets under management (AUM), making up a large portion of the roughly $180 billion held globally. The strong demand is reflected in a recent resumption of inflows, although the products are not without their detractors, with author Robert Kiyosaki calling ETFs “for losers.” The market for tokenized real-world assets also saw notable growth. While funds holding tokenized U.S. treasuries expanded their AUM from approximately $2 billion to more than $7 billion, the trend is expanding into other asset classes.…
Share
BitcoinEthereumNews2025/09/18 02:07
Solana Crashes Below $100: Could $73 Be the Next Key Support?
Solana (SOL) slipped to $85.73 on Friday, February 6, 2026, marking a 26.49% decline over the past week, according to CoinMarketCap data. Trading volume surged
Share
Tronweekly2026/02/07 04:30