Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Filecoin Holds $2.39 as Price Consolidates Between Support and $2.41 Resistance While Retesting Key Trendline

Filecoin Holds $2.39 as Price Consolidates Between Support and $2.41 Resistance While Retesting Key Trendline

CryptoNewsNetCryptoNewsNet2025/09/09 23:45
By:cryptonewsland.com
  • Filecoin is currently trading at a price of $2.39, having gone up by 3.6% in a single day, now in a one-year downward testing trendline.
  • FIL has gained 3.2% against Bitcoin in 24 hours, holding firm between $2.31 support and $2.41 resistance.
  • The trendline has acted as strong resistance for nearly a year, making the ongoing retest a critical price event.

Filecoin (FIL) is gaining 3.6% in the past 24 hours and trading at $2.39. The asset has now been subjected to a key test against a falling trendline that has limited profitability over an almost year. This trendline has been one of the biggest obstacles and the market is waiting keenly whether the current transition can push beyond it.

At the same time, FIL has increased by 3.2 %against Bitcoin, becoming equal to 0.00002150 BTC. The present configuration depicts the movement of the price in a tight range with the support and resistance levels remaining intact.

Trendline Defines Market Structure

The descending trendline stretching across the daily timeframe has guided price action since last year. Every attempt to break this line has faced rejection, highlighting its role in controlling the overall market structure.

Filecoin Holds $2.39 as Price Consolidates Between Support and $2.41 Resistance While Retesting Key Trendline image 0

The current test represents the most significant challenge in recent months, as FIL consolidates tightly beneath the barrier. However, the gradual recovery from August lows has provided enough momentum to retest the level again.

Support and Resistance Levels in Focus

In the short term, $2.31 continues to serve as an active support area. Each time price approached this zone, buyers managed to stabilize trading. On the other hand, resistance at $2.41 has been restricting upward movement, keeping the daily range extremely tight. Notably, this narrow channel reflects an ongoing balance between sellers near resistance and buyers around support. The repeated defense of lower levels indicates steady participation despite the broader downtrend.

Price Movement Within Daily Range

Over the last 24 hours, FIL traded between $2.31 and $2.41, underlining the importance of both zones. The resistance ceiling remains aligned with the larger trendline, adding further weight to the current price test. At the same time, consistent support suggests that buyers have not allowed deeper pullbacks. This steady range continues to build pressure, with the market now focused on whether the next move extends beyond the long-term descending structure.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Cardano Surpasses Bitcoin and Ethereum in 1-Year Performance

Quick Take Summary is AI generated, newsroom reviewed. Cardano ($ADA) surged by 141% over the last year, surpassing Bitcoin’s (90%) and Ethereum’s (72%) growth. Cardano ($ADA) surged by 141% over the last year, surpassing Bitcoin’s (90%) and Ethereum’s (72%) growth. Despite strong percentage gains, ADA’s absolute price remains much lower than BTC and ETH. The data reflects performance from September 2, 2024, to September 2, 2025.References Cardano Feed Post

coinfomania2025/09/10 06:45

Timeline | Various Parties Compete for USDH Issuance Right, Who Will Be the Ultimate Winner?

Currently on Polymarket, Native Markets has a winning probability as high as 74%, with Paxos ranking second with a 15% winning probability.

BlockBeats2025/09/10 04:36
Timeline | Various Parties Compete for USDH Issuance Right, Who Will Be the Ultimate Winner?

From Tenant to Broker: The Crypto Business in Trump Tower

Living below the seat of power, let the elevator of wealth go straight to your own office.

深潮2025/09/10 03:30
From Tenant to Broker: The Crypto Business in Trump Tower