Filecoin started 2026 on a strong note, trading at 1.45, nearly 11.76% up in the past 24 hours, at the time of writing. Its daily trading volume soars by around 225%, standing at $326 million. As its intraday high was at $1.50, as per CoinMarketCap data
With this uptick, it was placed among the top five gainers on CoinMarketCap.In addition, the coinglass data shows that even derivative traders have shown interest, where Filecoin futures open interest has increased 28.99% to $200.39 million.
As this price surge is attributed to its upcoming launch of Onchain Cloud, expected this month, which was first announced in November 2025. This project is crucial as it would strengthen Filecoin’s linkages to the larger DePIN and AI through expanding Filecoin from storage distribution to programmable storage and retrieval, further positioning the protocol as infrastructure for AI-ready data streams.
FIL Breaks Downtrend, Is a New Upswing Underway?
From a technical point of view, following a long downturn, FIL/USD is displaying early signals of a positive reversal on the daily chart. Where the FIL price has jumped sharply from the $1.20-$1.25 support zone and is now stabilizing around $1.45, indicating a positive zone rather than weakening.
If FIL maintains above the $1.35 support level, it would be bullish, with a potential move back toward $1.50-$1.55 and the higher resistance is seen at $1.65. Conversely, if the price breaks below the previous support level of $1.25, the price would fall further down.
Furthermore, the RSI (Relative Strength Index) stands above 50, has not entered the overbought zone, the momentum appears to be turning in favor of bulls. With that, the Moving Average Convergence Divergence (MACD) line has crossed considerably above the signal line, indicating that bullish momentum is building.
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