Archivecoin advanced 4.3% to $1.32 in 24 hours as institutional flows pushed the token through critical resistance levels.
The advance developed in a controlled range of $0.06, establishing clear bullish momentum that traders positioned for extended gains, according to CoinDesk Research’s technical analysis model.
The model showed that volume confirmation came at midnight UTC with 2.9 million tokens changing hands, 87% above the session average of 1.55 million.
The rise validated FIL’s break above the $1.29 resistance, transforming the level into new support, according to the model.
Higher lows of $1,260, $1,277, and $1,291 indicated institutional accumulation replaced retail volatility, according to the model.
The final push above $1.32 on high volume targets the $1.33-$1.335 resistance group.
FIL’s rally came as broader crypto markets also rose. The CoinDesk 20 index was up 2.5% at press time.
Technical analysis:
- Primary support anchored at $1.29
- Immediate resistance target extends around $1,330-$1,335 zone
- Session high resistance at $1,325 is successfully tested
- Peak volume reaches 2.9 million tokens (87% above 24-hour SMA)
- Ascending trend line emerges with higher low structure
- Volume Confirmed Breakout Validates Resistance Breakout
- The main bullish target covers the resistance zone of $1,330-1,335
- Risk/reward metrics favor continuation above $1.32
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
