Filecoin FIL has established a higher trading range amid significant market volatility, with multiple price bounces confirming support levels around $2.68-$2.69, according to CoinDesk Research's technical analysis model.
The token is currently 3.6% higher over 24 hours, trading around $2.755.
The price action comes as ether ETH whales return to the market, potentially signaling the start of renewed interest in alternative cryptocurrencies.
The broader market gauge, the CoinDesk 20, was 0.8% higher at publication time.
Technical Analysis: