Filecoin Slumps More Than 10%

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Filecoin Slumps More Than 10% The drop came as crypto markets fell across the board, with the CoinDesk 20 Index down nearly 7%. By Will Canny , CD Analytics | Edited by Sheldon Reback Dec 1, 2025, 12:46 p.m. Filecoin slumps more than 10%. What to know : FIL dropped over 10% as crypto market markets plummeted. Volume surged 33% above weekly average, suggesting heightened selling pressure. Filecoin FIL $ 1.4509 dropped more than 10% to $1.46 during in the past 24 hours, underperforming the broader cryptocurrency market, which was itself heading south. The token slid to $1.46 from $1.62, establishing a $0.16 range with 11% intraday volatility, according to CoinDesk Research's technical analysis model. 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 volume surged 32.7% above the seven-day moving average, signaling concentrated selling pressure. Peak liquidation hit at midnight UTC, with 20 million volume, more than four times the 24-hour simple moving average, according to the model. A technical breakdown accelerated through $1.58 support as resistance formed near $1.47. The selling established strong momentum through consecutive lower highs from the $1.6385 peak. Capitulation occurred around $1.46 following the high-volume breakdown event. Current price action suggests potential stabilization after exhausted selling pressure, the model said. The broader market gauge, the CoinDesk 20 index, fell 7%. Technical Analysis: Strong resistance formed near $1.47 after breakdown from $1.58 support Key resistance at prior support level of $1.58 now critical for recovery 24-hour volume surged 32.7% above 7-day moving average Peak selling volume of 19.97M at breakdown point (318% above SMA) Final hour showed exhaustion with zero-volume consolidation Potential stabilization forming around $1.46 support zone Immediate resistance at $1.47 must hold for further downside Recovery requires reclaim of $1.58 broken support level Downside risk toward $1.40 if current support fails 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 Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus 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. View Full Report More For You Crypto Markets Today: Hawkish BOJ Comments Spur Sharp BTC Downturn By Oliver Knight , Omkar Godbole | Edited by Sheldon Reback 14 minutes ago A sharp sell-off following the CME bitcoin futures open, compounded by hawkish signals from the Bank of Japan, dragged the CoinDesk 20 down nearly 6% on Monday. What to know : Fragile market depth and comments from BOJ Governor Kazuo Ueda hinting at a possible December rate increase triggered volatility across crypto and traditional markets. Over $430 million in altcoin liquidations hit as ZEC fell 20% and ENA/TIA slid more than 14%, pushing several tokens toward November’s key support levels. Marketwide RSI readings show oversold conditions, hinting at a potential relief rally even as the "altcoin season" indicator remains muted at 24/100. 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