Filecoin Clears Overhead Sell Walls As Price Holds $1.63 and Eyes Break Above $1.75

Sell walls above Filecoin have been removed, leaving the price free of major overhead order clusters

FIL trades at $1.63, with support at $1.58 and resistance at $1.64, forming a narrow range.

A break above $1.75 remains the key trigger level linked to the resumption of the previous rally.

Filecoin’s order book shows a clear structural change after visible sell walls above the market were removed. This development comes as the price trades near $1.63, reflecting a 1.7% increase over the past 24 hours. The shift also places attention on the $1.75 threshold, which stands as the breakout level that may determine the next directional move. Furthermore, the chart highlights a dense buy wall zone beneath the market, marking a support area that has held through recent sessions. These factors create a structured environment defined by support at $1.58 and resistance at $1.64, which guide the current activity.

Support Zone Remains Firm as Buy Wall Holds the Market

The buy wall zone shown on the chart aligns with the $1.58 support level. This zone has repeatedly provided firm footing as price action stays above it. The concentration of orders in this area reinforces its role as a stabilizing level. Notably, recent trading sessions continued to form higher lows inside the support region, which keeps the price anchored within a narrow structure.

However, the market has not moved far from the support area. This proximity brings focus to short-term liquidity patterns and order placement near the mid-range levels. These patterns create a bridge to the next important area, which centers around the resistance line at $1.64.

Price Holds Below $1.64 as Market Watches for a Break Above $1.75

Filecoin’s resistance level at $1.64 continues to cap upward movement. The price has approached the level several times during recent sessions. Each approach shows limited expansion, keeping activity compressed beneath the ceiling. This structure places greater attention on the broader breakout target at $1.75, which remains the key level cited for a rally resumption.

Moreover, the absence of sell walls above the market removes a previous obstacle. This creates a different visual structure compared to earlier periods when heavy order clusters appeared overhead. The updated structure leads directly to the next area of interest, which centers on the trading activity shown across the current range.

Market Structure Highlights Narrow Range and Clear Trigger Level

Trading continues within a narrow band as Filecoin holds between $1.58 support and $1.64 resistance. The current price of $1.63 sits near the upper edge of the range. Volume levels remain steady, and the chart shows a consistent pattern of small-scale movement.

Additionally, the key level at $1.75 remains the defining threshold for further upside progress. This level stands above the existing range and marks the point at which the previous rally could resume. These elements shape the short-term landscape and outline the areas traders continue to watch closely.