Filecoin price exploded by over 60% in 24 hours, hitting around $2.21 on November 7, as the decentralized storage leader rode a wave of renewed interest in DePIN infrastructure and enterprise blockchain integrations.
The move marks one of the strongest weekly gains among top-100 crypto assets, with FIL up 47% over the past seven days and trading volume up 740% to $1.33 billion, according to CoinMarketCap data.
The rally also comes at a time when a coordinated sector breakout across decentralized physical infrastructure networks (DePIN) is underway, with Filecoin remaining one of the most active ecosystems in terms of development activity.
Why Filecoin is Going Up Today: DePIN and Enterprise Adoption
The latest Filecoin news is that the Filecoin Foundation has partnered with the GSR Foundation to fund projects that promote decentralized storage for art, science, and human rights, aiming to create a reliable data infrastructure.
Further, the DePIN sector climbed 10.9% on November 7, boosted by infrastructure tokens including Filecoin, Arweave, and Render.
The run-up precedes DePIN Day Buenos Aires (Nov. 18), where Filecoin partners, including Protocol Labs, will discuss decentralized data infrastructure and enterprise integrations.
Filecoin Price Prediction
Traders also reacted to technical momentum. After weeks of consolidation, FIL broke through the $2.0 resistance, with analysts noting that the “real rally starts after $2.6,” according to trader CW. Volume spikes and a strong bullish candle confirm renewed investor confidence.
Technical indicators back the bullish sentiment. On TradingView, Filecoin’s RSI hovered near 66, signaling strong but not yet overbought momentum. The MACD flipped positive, and moving averages across key timeframes turned into buy signals.
DefiLlama data shows Filecoin’s DeFi TVL up 50.6% in 24 hours to $27.5 million, led by protocols like GLIF and Parasail, suggesting revived staking and liquidity activity on-chain.
Additionally, crypto analysts are increasingly bullish on Filecoin crypto. Trader CryptoBull_360 informed followers that FIL is breaking out of a downtrend and could rise by 150–200% over the next few weeks if trading volume remains strong.
The nearest resistance level is around $2.6. If buying continues, the next targets could be between $3.2 and $3.5. A daily close above $2.6 might signal a shift in the market trend. However, if it fails to stay above $2.0, it may drop back to the $1.7 support level.
Filecoin to $15?
Data is based on yearly increase, compounded
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