Filecoin Declines 7%, Breaking Below $1.43 Support

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Filecoin Declines 7%, Breaking Below $1.43 Support The token now has support at the $1.37 level and resistance at $1.43. By CD Analytics , Will Canny | Edited by Stephen Alpher Dec 11, 2025, 1:44 p.m. Filecoin crashes 7% breaking below $1.43 support. What to know : FIL slumped from $1.48 to $1.38, breaking key support with an 85% volume spike The technical breakdown confirms a trend reversal from the December highs near $1.55. Filecoin FIL $ 1.3804 fell 7.3% in the past 24 hours, dropping from $1.48 to $1.38 as decentralized physical infrastructure tokens spearheaded a sector-wide liquidation. The storage protocol established a clear downtrend with consecutive lower highs from its Dec. 10 peak at $1.55, 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 trading volume exploded to 10.6 million tokens during the breakdown. The selloff gained momentum after FIL failed to reclaim resistance at $1.52. Volume spiked 85% above average when price shattered the critical $1.43 support level, the model said. Price stabilized only near session lows around $1.37, suggesting temporary exhaustion, according to the model. DePIN tokens led broader crypto weakness while Bitcoin slipped below $91,000. The broader market gauge, the CoinDesk 20 index, was 3.4% lower at publication time. Capital rotated away from infrastructure plays as risk-off sentiment gripped digital asset markets. Technical Analysis: Critical floor at $1.37 session low; resistance at $1.39 rejection zone and broken $1.43 support 85% volume surge confirmed institutional selling during support break; 6x spike during failed reversal signals distribution Next resistance at $1.43 former support; downside targets $1.30-1.35 range if current floor breaks 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 Cardano Ecosystem Gets a Privacy Boost as Midnight’s NIGHT Goes Live By Shaurya Malwa | Edited by Oliver Knight 3 minutes ago The network uses a dual-state architecture that separates public and private data while allowing controlled disclosure to auditors, institutions or counterparties. What to know : Midnight's NIGHT token launched, doubling in value and nearing a $1 billion valuation as major exchanges opened markets. 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