Filecoin (FIL) rises 14% amid increased whale activity

Filecoin (FIL) has experienced a 14% price increase driven by significant whale activity and rising market momentum. Data indicates that large-scale investors are increasingly active, with the Whale Retail Ratio rising to approximately 0.329. This surge is supported by whale positioning on exchanges such as Binance and Bybit, where buying pressure has outpaced selling pressure.

In the perpetual futures market, the Funding Rate has shifted from -0.0019% to 0.0102%, signaling a dominance of long positions. Additionally, open interest has grown by roughly 17.5%, reaching $275 million. On-chain activity has also seen a substantial spike, with decentralized exchange trading volume rising from approximately $71,167 to over $757,000.

Despite this bullish momentum, technical analysis suggests potential resistance. The asset has faced multiple rejections within the $1.20–$1.26 zone. Analysts note that while a breakout above $1.26 could strengthen the upward trend, failure to clear this resistance could lead to price corrections toward support levels at $0.96 or $0.81.