Coindesk

Filecoin (FIL) posted a 3.7% surge during the 24-hour trading session, rising from $2.61 to $2.71 alongside institutional accumulation signals, according to CoinDesk Research's technical analysis model.The model showed that trading volume exploded above 7 million during peak trading hours, substantially outpacing the daily average of 3.47 million as market participants protected the $2.60 support zone.Filecoin's latest price movement indicates rising institutional appetite for decentralized storage technologies as conventional cloud service providers encounter heightened examination regarding data sovereignty issues. The rally in FIL came as the wider crypto market rose, with the broader market gauge, the Coindesk 20, up 3.2%.In recent trading, Filecoin was 3.5% higher over 24 hours, trading around $2.71.Technical Analysis:Price built strong support at $2.60 with substantial...

NEAR Protocol experienced strong upward momentum between 12 August 16:00 and 13 August 15:00, climbing from $2.75 to $2.91 for a 5.82% gain on trading volumes exceeding $7.6 million. Institutional inflows played a key role, with the cryptocurrency breaking multiple resistance levels and establishing firm support at $2.76. Volume spikes during breakout phases surpassed twice the 24-hour average, reflecting heightened market conviction and positioning NEAR for a potential move toward the $3.00 psychological threshold.During the final 60 minutes from 13 August 14:40 to 15:39, NEAR displayed notable volatility, retreating from $2.92 to $2.91 after hitting a session high of $2.94 and a low of $2.88. Resistance rejection at $2.94 coincided with a sharp selloff at 15:09, where volumes exceeded 396,000....

Decentralized exchange (DEX) volumes on Ethereum have leapfrogged Solana for the first time since April after a swift shift in sentiment away from Solana-based memecoins and towards ether ETH amid a wave of institutional activity. Over the past 48 hours Ethereum-based DEXs have facilitated $24.5 billion in trading volume compared to Solana's tally of $10 billion, according to DefiLlama.The two weeks prior were also dominated by Ethereum, with a total of $28 billion and $27 billion beating Solana's total of $20 billion and $24 billion.This represents a contrast in trader behavior from earlier this year, which was dominated by Solana and BNB Chain in a wave of speculative memecoin trading.However, institutional flows into spot ether ETFs has buoyed the second...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4372.28, up 2.5% (+106.92) since 4 p.m. ET on Tuesday.Nineteen of 20 assets are trading higher.Leaders: UNI (+6.5%) and SOL (+6.4%).Laggards: BCH (-1.9%) and XLM (+0.2%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

ATOM saw an 8% surge from $4.49 to $4.84 between 12 August 11:00 and 13 August 10:00, supported by heavy trading volume of over 2 million units, signalling strong institutional interest. The bullish momentum persisted in the final hour of trading, peaking at $4.85 before consolidating to $4.83, with significant volume confirmation reinforcing the breakout above the $4.78 resistance. Strong support has been established at $4.65, setting the stage for a possible move toward the $4.90–$5.00 range.During the last hour, ATOM rose from $4.82 to $4.85—a 0.62% gain—before easing slightly to $4.83, a 0.21% dip from the session high. Notably, the $4.85 level was tested and validated by a 24,467-unit volume spike at 10:20, followed by profit-taking that led to...