Filecoin Gains 4.67% Amid Strategic Partnerships and Technical Improvements

Filecoin (FIL) is currently priced at $2.53, marking a solid +4.67% gain in the last 24 hours. Over the past week, it’s up 1.77%, but the broader trajectory remains negative: down 11.95% this month, 59.80% in the last 6 months, and a steep 48.68% year-to-date decline. Compared to its all-time high of $237.72, reached in 2021, FIL is down nearly 78%, reflecting persistent bearish pressure despite recent signs of a technical bottom.

From a news and fundamental perspective, Filecoin remains one of the most established decentralized storage solutions in crypto. It recently announced a strategic integration with ATLAS Data, and more notably, a collaboration with SingularityNET (AGIX) — a prominent AI-focused project. This partnership may serve as a foundational piece in merging decentralized storage with decentralized artificial intelligence, boosting Filecoin’s real-world utility. Additionally, Filecoin made headlines for sending decentralized data to space with Lockheed Martin, reinforcing its long-term vision for space-based Web3 data architecture.

Filecoin is also advancing its cross-chain interoperability, with new integrations including Axelar, making it easier to access FIL’s storage services across various chains. The recently completed FIP 0097 upgrade modernizes core protocol mechanisms, improving efficiency and laying groundwork for enhanced smart contract capabilities.

Technically, FIL is showing signs of a base forming near $2.50, a multi-year support zone. Momentum indicators like MACD and RSI are bottoming out, and daily candlestick structure is signaling bullish divergence. Analysts have flagged multiple compression patterns and wedge formations — typical of a breakout setup. If FIL breaks above the 50-day EMA ($2.75) and 100-day EMA ($2.97), a rally toward $3.20–$3.45 is likely. Long-term targets could revisit $6.50–$10.00, but only if broader altcoin sentiment improves.

Still, caution is warranted as the token trades in a high-supply environment (total supply ~2B), and liquidity concentration remains thin outside of major exchanges. Bears are defending the $2.80–$3.00 zone, so a confirmed breakout will require strong volume and macro tailwinds.

Ask Aime: Is Filecoin (FIL) nearing a technical bottom after a steep decline?