Filecoin jumps 11% on decentralized storage demand
Filecoin (FIL)
Editor:
Eugene Serbin
tradersunion.com reported that Filecoin (FIL) rose 11.09% on 18 September 2026 following increased demand for its decentralized storage network. The price surge was accompanied by robust technical momentum, with FIL trading above its major moving averages and buyers dominating near intraday highs. Filecoin, which uses its native FIL cryptocurrency, has a market capitalization of approximately $672.36 million and a circulating supply of about 827,813,309 tokens.
The network recorded a 24-hour trading volume of roughly $137.62 million. FIL is currently trading above its 20-day, 50-day, and 200-day moving averages, which are valued at $0.797705, $0.743656, and $0.8421215 respectively. Immediate resistance is identified at $1.0397, with support located at $0.8995.
Technical indicators show a mixed picture, with MACD signaling a strong buy while the Average Directional Index remains neutral. Bull/Bear Power is barely positive at 0.0098099, suggesting that buyers still dominate intraday flows despite the longer-term trend alignment remaining bearish. The price increased by $0.0909 after an upside gap of about 2.59%, with volatility recorded at 8.09%. Analysts noted that crypto infrastructure expertise is increasingly intersecting with high-performance computing, with traders watching for a move above $1.0397 to signal further bullish momentum.
How the market reacted
Whalio's own Binance spot order flow for FIL, measured when this story was written up on 18 September 2026. Not the outlet's figures.
Whalio spot data shows FIL trading at $0.8410 with a 1-hour buy ratio of 58.0% and a 4-hour buy ratio of 56.0%. These short-term ratios indicate stronger buying pressure compared to the 24-hour buy ratio of 49.1%, suggesting that recent activity is more bullish than the daily average. The 1-hour volume delta is positive at +$214,614, while the 4-hour delta is +$330,706, contrasting with a negative 24-hour delta of -$189,357. This shift implies that net buying has accelerated in the immediate term, reversing the net selling pressure seen over the full day. Volume delta represents the difference between buy and sell volume, so positive values indicate that buyers are aggressively absorbing supply. The 24-hour cumulative volume delta closed at +$1,730,344, with net buying occurring in 17 of the last 24 hours.
The latest daily buy ratio of 49.1% sits at the 54th percentile of the last 324 days, against a median of 48.9% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for FIL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.1%, making the current 24-hour ratio of 49.1% only slightly higher by 1.0 point. Spot volume for the latest day was 0.59x the weekly average, indicating that trading activity is below normal levels. Only one day out of the past seven showed net buying, highlighting that this is an unusual day for the coin. The 8-day price change was +7.8%, while the total volume delta for that period was -$4,497,848. This context suggests that while short-term buying has intensified, the broader weekly trend remains dominated by net outflows and lower-than-average volume.