FIL Rises 3% Amid Pronounced Trading Volatility, Volume Surges

Filecoin (FIL) spiked 3% followed by a 2% decline as volatile trading configurations emerged amid evolving market dynamics, according to CoinDesk Research's technical analysis model.In recent trading FIL was 3.4% higher over 24 hours, trading around $2.32.The model showed that the overall trading range was $0.15, or 6%, between the low of $2.23 and the high of $2.38.Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity, according to the model.The wider crypto market was little changed, with the broad market gauge, the Coindesk 20, up 0.2%.Technical Analysis:FIL progressed from $2.25 to $2.32 representing a 3% gain during the preceding 24-hour period Overall trading range encompassing $0.15 (6%) between the absolute nadir of $2.23 and zenith of $2.38.Two…