BTC
$117,011.51
–
3.86%
ETH
$2,976.65
–
3.09%
XRP
$2.9164
–
3.13%
BNB
$679.50
–
3.68%
SOL
$159.71
–
4.59%
USDC
$0.9998
+
0.01%
DOGE
$0.1922
–
6.98%
TRX
$0.2974
–
1.72%
ADA
$0.7328
–
2.64%
HYPE
$47.24
–
3.12%
XLM
$0.4690
+
1.46%
SUI
$3.9671
–
0.04%
LINK
$15.41
–
5.36%
RYO
$5.1657
+
9.51%
HBAR
$0.2337
–
4.44%
WBT
$45.29
–
1.90%
BCH
$487.74
–
5.51%
AVAX
$21.11
–
3.18%
LEO
$8.9930
–
0.29%
Updated Jul 15, 2025, 10:37 a.m. Published Jul 15, 2025, 10:30 a.m.
- Filecoin fell 6% amid a sell off in crypto markets.
- The token is currently testing support at the $2.50 level.
Filecoin
crashed 5.6% in the 24-hour trading session from July 14 10:00 UTC to July 15 09:00 UTC, sliding from $2.66 to $2.51, according to CoinDesk Research’s technical analysis model.
The model shows that the token posted a volatile 7.52% intraday movement.
STORY CONTINUES BELOW
The slump in token of the decentralized storage network came as the wider crypto market also fell, with the broader market gauge, the CoinDesk 20, recently down 3.8%.
Filecoin recently announced a partnership with blockchain Avalanche, aimed at optimizing smart contract handling and data storage.
In recent trading, FIL was 5.6% lower over 24 hours, trading around $2.51.
Technical Analysis:
- Price tumbled from $2.66 to $2.51, posting 5.6% decline
- Resistance solidifies at $2.66 level with support forming around $2.50.
- Heaviest selling pressure hits July 14, 14:00-03:00 UTC window as price cascades from $2.65 to $2.46.
- Volume patterns show elevated activity during decline phases, particularly July 15, between 02:00-03:00 UTC, with volumes topping 6.3 million.
- Two-phase movement pattern features initial consolidation followed by upward momentum starting 09:01 UTC.
- Institutional interest emerges at lower levels with volumes exceeding 71,000 at 09:19 UTC.
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.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
