Filecoin (FIL) Rises More Than 4% Amid Wider Crypto Market Rally

Filecoin (FIL) has seen notable movement, rising over 4% in the last 24 hours as the broader cryptocurrency markets also gained traction. Support for FIL is firmly established at the $2.31 level, with the token fluctuating between a low of $2.25 and a high of $2.38. Despite some volatility, there has been sustained buying pressure, underpinning a bullish trend over the day. Notably, IoTeX has launched the Real World AI Foundry, a global alliance focused on AI with live data, in which Filecoin is participating as an alignment partner. Overall, the broader crypto market has also seen positive momentum, with the CoinDesk 20 index rising by 3%. Technical analysis indicates strong bullish momentum for FIL, breaking resistance at the $2.36 level as trading activity intensified, suggesting a compelling recovery pattern in price action.

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