Filecoin Surges 9% in Explosive Breakout Backed by Heavy Trading Volume

Filecoin just pulled off a textbook bullish breakout—and traders are piling in.

The decentralized storage token ripped through resistance on unusually high volume, notching a 9% gain at its peak. This isn't just another dead-cat bounce—the move suggests real conviction from buyers.

Volume tells the story. When price spikes on thin volume, it's usually a fakeout. But when you see this kind of surge accompanied by heavy trading activity? That's institutional money waking up—or maybe just degens chasing momentum again.

Either way, Filecoin's proving it's more than just a 'web3 storage' narrative coin. Though let's be honest—in this market, even utility tokens often trade like meme stocks when liquidity floods back in.

One cynical take? The rally coincides with yet another 'partnership' announcement that'll likely amount to nothing. But price doesn't lie—at least until the next 20% dump.