Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Filecoin Declines 7%, Breaking Below $1.43 S Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Filecoin Declines 7%, Breaking Below $1.43 S

Filecoin Declines 7%, Breaking Below $1.43 Support

2025/12/11 21:44
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Filecoin Declines 7%, Breaking Below $1.43 Support

The token now has support at the $1.37 level and resistance at $1.43.

By CD Analytics, Will Canny|Edited by Stephen Alpher
Dec 11, 2025, 1:44 p.m.
Filecoin crashes 7% breaking below $1.43 support.

What to know:

  • FIL slumped from $1.48 to $1.38, breaking key support with an 85% volume spike
  • The technical breakdown confirms a trend reversal from the December highs near $1.55.

Filecoin FIL$1,3804 fell 7.3% in the past 24 hours, dropping from $1.48 to $1.38 as decentralized physical infrastructure tokens spearheaded a sector-wide liquidation.

The storage protocol established a clear downtrend with consecutive lower highs from its Dec. 10 peak at $1.55, according to CoinDesk Research's technical analysis model.

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The model showed that trading volume exploded to 10.6 million tokens during the breakdown.

The selloff gained momentum after FIL failed to reclaim resistance at $1.52.

Volume spiked 85% above average when price shattered the critical $1.43 support level, the model said.

Price stabilized only near session lows around $1.37, suggesting temporary exhaustion, according to the model.

DePIN tokens led broader crypto weakness while Bitcoin slipped below $91,000. The broader market gauge, the CoinDesk 20 index, was 3.4% lower at publication time. Capital rotated away from infrastructure plays as risk-off sentiment gripped digital asset markets.

Technical Analysis:

  • Critical floor at $1.37 session low; resistance at $1.39 rejection zone and broken $1.43 support
  • 85% volume surge confirmed institutional selling during support break; 6x spike during failed reversal signals distribution
  • Next resistance at $1.43 former support; downside targets $1.30-1.35 range if current floor breaks

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.

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