Filecoin Falls Below $1.30 Support Amid Increased Volume and Broader Market Decline
Filecoin (FIL) experienced a decline of up to 4%, dropping to about $1.23 over a 24-hour period before a partial recovery, coinciding with a wider crypto market downturn on December 16, 2025.
Trading volume surged significantly, reaching 185% above the 24-hour average during the breakdown below the $1.30 support level. Peak daily trading volume hit 11.7 million FIL, representing an 85% increase compared to the average.
The price is currently testing support levels near $1.278 and facing resistance near $1.285, resulting in a tight $0.007 trading range. Technical analysis indicates a bearish price trend with a volatility of approximately $0.08, or roughly 6.3%.
The breakdown below $1.30 has been linked with institutional trading activity, followed by consolidation later in the session. Market context shows the CoinDesk 20 index down about 3.7% at the time of publication, and the short-term price pattern remains range-bound until FIL reclaims the $1.30 level.
