Filecoin (FIL) saw a 2% increase in the last 24 hours, climbing from $2.37 to $2.42, as per CoinDesk Research. The digital asset displayed strong support at $2.31 and broke through the $2.37 resistance level with heavy trading volume, signaling institutional involvement and bullish momentum towards $2.42.

Filecoin is currently trading 1.7% higher at around $2.415, while the broader crypto market, represented by the CoinDesk 20, also rose by 2%. Technical analysis confirms solid support at $2.31 and a critical breakthrough at $2.37, with significant trading volume near three times the daily average. A new resistance zone is now at $2.43 with declining volume towards the end of the session.

Read more at Yahoo Finance: Filecoin Rises 2% After Breaking Through Resistance at $2.37