Filecoin price holds near liquidity zone as old cycle targets loom
Filecoin (FIL)
Editor:
Eugene Serbin
cryptonewsland.com reports that Filecoin has remained largely ignored by traders for years, trading near a massive liquidity zone that has formed over a long period. The asset has endured a painful decline since the previous bull market, causing confidence to fade as attention shifted to newer narratives. Despite this disinterest, the price continues to sit above this significant support area, creating an unusual opportunity for experienced participants.
Historical cycle levels remain visible at $119, $237, and $428, which appear unrealistic from the current price near $1.19. The outlet notes that crypto markets often rewrite expectations, turning previously dismissed ambitious targets into obvious outcomes in hindsight. A move toward these levels would require a significant shift in momentum and strong capital inflows to support broader risk appetite.
The most aggressive projection suggests a potential expansion of roughly 52,248%, though this is not guaranteed. Such large gains often begin from periods of neglect, a position Filecoin currently occupies with few traders or analysts discussing the chart.
How the market reacted
Whalio's own Binance spot order flow for FIL, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio data shows Filecoin trading at $1.02 with a 24-hour buy ratio of 40.7%, indicating that less than half of spot volume is driven by buyers. The 1-hour buy ratio is 39.7% and the 4-hour ratio is 43.3%, suggesting that buying pressure is currently fading compared to the broader daily trend. Volume delta is negative across all timeframes, with -$118,703 in the last hour and -$316,678 over four hours, signaling net selling pressure. The 24-hour volume delta stands at -$2,537,536, confirming that sellers are dominating the flow. CVD closed at -$2,480,402, reinforcing the bearish sentiment. Net buying occurred for only 3 of the last 24 hours, highlighting a lack of sustained demand.
The latest daily buy ratio of 48.3% sits at the 40th percentile of the last 322 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 7-day average buy ratio was 49.0%, making the current 24-hour ratio of 40.7% an 8.2 percentage point drop from the weekly norm. Spot volume for the last day was 0.75x the weekly average, indicating lighter trading activity than usual. Volume delta over the past eight days totaled -$4,998,943, with net buying recorded on only 1 of those 7 days. This represents an unusual day for the coin, characterized by lower volume and a buy ratio significantly below its weekly average. The price changed +3.0% over the 8-day period, but the flow data shows persistent selling pressure.