surged over 4% to $1.65 on Tuesday early afternoon, breaking above a key $1.60 psychological resistance, according to RialCenter’s technical analysis model.
The model showed institutional accumulation with two major spikes above 140% of average volume.
The storage token broke decisively through $1.60 resistance after weeks of consolidation, according to the model.
Price action demonstrated textbook institutional buying patterns with higher lows at $1.52 and $1.55 confirming the uptrend structure.
In recent trading FIL was 4.4% higher over 24 hours, around $1.65.
The wider crypto market also rose, with the CoinDesk 20 index up over 3%.
Technical Analysis:
- Primary support locked at $1.52 with $1.60 resistance decisively breached; next target $1.65 psychological level
- Exceptional spikes at 140% and 162% above average confirmed institutional accumulation during key breakout phases
- Clean breakout from consolidation with higher lows establishing clear uptrend structure above $1.60
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.
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