Apecoin was trading close to a two-month high on Monday, despite crypto prices mainly being in the red to start the week. Global crypto markets are currently down around 2% as of writing. Despite this, filecoin continued its own surge, with prices of the token up nearly 70% in the last seven days.Filecoin was once again a notable mover in crypto, as prices of the token rose for a seventh consecutive session.
Overall, FIL is currently trading nearly 70% higher than at the same point last week, when prices of the token were at a floor of $5.10.The rally commenced at this support point, with bullish pressure intensifying as the days and week progressed.Earlier gains in FIL have now eased as a result of prices being overbought, and following a collision close to a resistance point of $11.25.
Today’s move saw the token trade marginally below $7.30, which is its highest point since the end of May.However, following a slight breakout above a resistance level of $7.15, bullish pressure eased, with the price now trading under $7.00.
The most over priced thing that ever existed
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