FIL Token Surges 4.3% as Short Liquidations and High Volume Drive Bullish Reversal

FILUSDT has experienced a notable 4.30% increase in the past 24 hours, rising from a 24h open of 1.257 to the current price of 1.311 USDT on Binance. The price change is primarily attributed to increased short liquidations around the $1.25 level, a surge in trading volume, and technical indicators signaling a decrease in selling pressure. Recent bullish sentiment was further supported by Filecoin breaking a short-term resistance trendline and momentum indicators showing recovery from oversold conditions. Trading activity remains high, with volume figures reaching up to 124.90 million USD across platforms. Despite the recent daily rebound, FILUSDT continues to reflect overall declines in price over the past week and month, with market participants closely monitoring support near $1.20 and resistance at $1.35.