Filecoin Slides 5.1% Amid Broad Crypto Market Decline on December 15, 2025
On December 15, 2025, Filecoin (FIL) experienced a decline of 5.1%, falling to $1.24 after breaking its ascending trend support amid a widespread downturn in the cryptocurrency market. Trading volume surged to approximately 11.74 million FIL, which is around 380-400% above the normal levels, indicating heavy selling pressure primarily from institutional investors.
This downward movement was confirmed by three successive lower lows, signaling a technical breakdown and accelerated downward momentum. Immediate resistance is now identified at $1.25, which was former support, with the next major resistance level at $1.35. On the downside, targets include the $1.23 to $1.235 range.
The breakdown of the critical $1.245 support level opens the potential for further losses toward approximately $1.23. The broader cryptocurrency market also showed weakness during this period, with Bitcoin declining by 3.5% and the CoinDesk 20 index down by 4.4%.
According to CoinDesk Research's technical model, the selloff was largely driven by institutional participation rather than retail selling.
