Filecoin gains momentum with a technical breakout as its partnership with Theoriq AI brings new attention to the decentralized storage network’s potential.
Filecoin (FIL) climbed 5% to $2.64, establishing a clear uptrend with higher lows at $2.54 and $2.55 that provided strong support throughout the trading session. The cryptocurrency broke through initial resistance at $2.62-$2.63 during Asian trading hours, reaching a daily high of $2.69 before settling at current levels.
Trading volume spiked to 5.4 million FIL at 05:00 UTC, nearly double the 24-hour average of 2.8 million, indicating strong institutional participation. The price fluctuated within a 5.56% range between $2.54 and $2.69, with notable resistance encountered at $2.66-$2.67 where volume exceeded 150,000 FIL.
The rally coincides with Filecoin Foundation’s partnership with Theoriq AI to develop AI agents trained on the network’s open data. FIL’s gains outpaced the broader crypto market, which rose 4% as measured by the CoinDesk 20 Index.
CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: CoinDesk.