Filecoin slips to $1.52 amid broader crypto market retreat

Storage token Filecoin (FIL) fell to $1.5211, down 3.6% over the past 24 hours as of Jan. 7, 2026, 2:22 p.m., tracking a 3.6% drop in the CoinDesk 20 index, CoinDesk data showed.

CoinDesk Research's technical model identified support at $1.52 and resistance in the $1.59–$1.60 zone. The token's volume ran about 30% above its 30‑day moving average, though participation did not breach the elevated thresholds that typically confirm directional conviction.

The model described range‑bound volatility, with a session high of $1.61 and a low of $1.52—a total range of $0.08 (5.0%). A significant volume spike yesterday evening reached 7.30 million, roughly 95% above the 24‑hour simple moving average of 3.74 million; that spike coincided with downside rejection from near $1.60 and establishment of support at $1.52. Price later recovered to retest the $1.59–$1.60 resistance multiple times on declining volume, forming a consolidation with support holding above $1.55 through the final hours.

CoinDesk's technical notes flagged a failed breakout and a two‑minute whipsaw from $1.561 to $1.57 and back that suggests algorithmic activity, and warned that a breakdown below $1.52 would expose limited technical structure. CoinDesk said parts of the article were generated with AI tools and reviewed by its editorial team.

Key Topics

Crypto, Filecoin, Storage Token, Kucoin, Rumble, Tether