- FIL is trading at a high of $1.33 following a 1.5% daily move and the price is being held at the level of $1.30 support position.
- The intraday gains were limited to the $1.37 resistance that ensured the price movement was within a well-defined range of 24 hours.
- Three sell walls at levels lower than $1.60 still restrained the advance and formed short-term market structure.
The Filecoin (FIL) was trading within a tight yet organized band as sellers kept limiting the upside under the $1.60 region. During the time of observation, FIL traded at $1.33, which is an appreciation of 1.5 percent in the last 24 hours. The price action developed in well-established intraday levels, which focused on the nearby resistance levels and support levels. It was important to note that three visible sell walls were visible above the price and were limiting the upward movement. This arrangement set the session and predetermined short-term positioning since the trading sessions were concentrated on familiar technical areas.
FIL Stabilizes Above $1.30 as Market Attention Shifts Toward Nearby Resistance
Price behavior remained anchored above the $1.30 support level throughout the session. Earlier pullbacks tested that area before buying interest absorbed selling pressure. However, the price did not extend meaningfully higher after the rebound.
Instead, FIL continued to trade just above support, maintaining a cautious structure. The 24-hour range stayed intact, reinforcing the importance of established levels. As price held above $1.30, attention gradually shifted upward toward resistance. This transition set the stage for renewed interaction with overhead supply zones.
Sell Walls up to $1.60 Cap FIL Advances as Price Stalls Near $1.37 Resistance
Order book data highlighted three sell walls positioned between current levels and the $1.60 mark. These zones aligned with previously rejected price areas on the chart. As FIL advanced toward $1.37, selling activity increased, slowing upward momentum. The resistance level at $1.37 defined the upper boundary of the daily range. Price paused near that level rather than breaking through. Consequently, the presence of layered sell walls continued to influence short-term direction. This structure clarified why upward moves remained measured and incremental.
FIL also traded at 0.00001501 BTC, reflecting a 0.9% increase against Bitcoin. This relative movement occurred without disrupting the broader range. Volume patterns supported the idea of controlled trading rather than expansion. As a result, price action stayed contained between $1.30 support and $1.37 resistance. The stacked sell walls up to $1.60 kept upside targets well defined. Therefore, market participants continued to monitor how price behaved within this framework. The evolving structure kept focus on range interaction rather than breakout activity.
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