Filecoin Gives Back Most of Early Gains, Remains Barely Higher

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Filecoin Gives Back Most of Early Gains, Remains Barely Higher The token has support at $1.625 and resistance in the $1.634-$1.685 zone. By Will Canny , CD Analytics | Edited by Stephen Alpher Oct 27, 2025, 12:19 p.m. Filecoin (FIL) edges higher after giving back earlier gains. What to know : FIL climbed as much as 2% before the token sold off. Technical analysis revealed late-session selling pressure threatening key support levels FIL $ 1.6355 rose 0.4% over the last 24 hours, underperforming wider crypto markets, according to CoinDesk Research's technical analysis model. The token earlier climbed as much as 2% before selling off. The broader market gauge, the Coindesk 20 index was 1.7% higher 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 By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The model showed that the decentralized storage token traded within a tight $0.06 range, building higher lows from its $1.595 opening before hitting resistance near $1.685. Volume surged 23% above seven-day averages, signaling institutional positioning despite FIL's relative weakness. Filecoin is holding a developer summit in Buenos Aires, on Nov. 13-15, according to a post on X . Technical Analysis: Primary support established at $1.625. Resistance zone identified between $1.634-$1.6856 based on volume-weighted analysis. Critical consolidation platform developed above $1.630 before late-session breakdown. 24-hour volume exceeded weekly average by 23%, indicating institutional participation. Peak volume event at 5 million tokens (89% above SMA) confirmed support testing. Final three-minute selling pressure exceeded 140K tokens, signaling profit-taking. Ascending trendline with higher lows established from $1.595 opening. Bullish consolidation above $1.63 negated by late-session selling pressure. 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 Insights Filecoin Technical Analysis More For You OwlTing: Stablecoin Infrastructure for the Future By CoinDesk Research Oct 16, 2025 Commissioned by OwlTing Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You BNB Jumps Over 3% After $1.69B Token Burn, Overtakes XRP's Market Cap By CD Analytics , Francisco Rodrigues | Edited by Stephen Alpher 2 minutes ago XRP now has a market cap of $157.6 billion, slightly behind of BNB's $161 billion. What to know : BNB's price rose 3% in the last 24 hours, reaching $1,168 after a $1.69 billion token burn, the largest quarterly burn to date in U.S. dollar value. With the burn BNB recovered the third-place ranking it had to XRP. XRP now has a market cap of $157.6 billion, slightly behind of BNB's $161 billion. Both BNB and XRP have outperformed the broader cryptocurrency market, which saw a 1.15% rise in the last 24 hours. BNB's price action showed strength but remains uncertain with failed breakouts and lower highs. Read full story Latest Crypto News BNB Jumps Over 3% After $1.69B Token Burn, Overtakes XRP's Market Cap 2 minutes ago Fed Rate Cut Bets Lift BTC, TradFi Frets Over Margin Debt: Crypto Daybook Americas 1 hour ago ClearBank to Join Circle Payments Network, Expanding Access to MiCA-Compliant Stablecoins 2 hours ago Fed Interest Rate Decision and a Potential Merger: Crypto Week Ahead 3 hours ago Indian Judge Halts WazirX’s XRP Reallocation Plan Linked to 2024 Hack 3 hours ago Mt. Gox Delays Creditor Repayment to October 2026 4 hours ago Top Stories Fed Rate Cut Bets Lift BTC, TradFi Frets Over Margin Debt: Crypto Daybook Americas 1 hour ago Japan's New Yen Stablecoin is Asia’s Only Truly Global Fiat-Pegged Token 6 hours ago ClearBank to Join Circle Payments Network, Expanding Access to MiCA-Compliant Stablecoins 2 hours ago Indian Judge Halts WazirX’s XRP Reallocation Plan Linked to 2024 Hack 3 hours ago Bitcoin Surpasses 50-Day Average, but CoinDesk BTC Trend Indicator Remains Bearish 8 hours ago Restoring Privacy to ZEC on Solana via Encifher 5 hours ago In this article FIL FIL $ 1.6355 ◢ 0.41 %