AVAX close to 2-month high on Saturday, FIL up nearly 15% today.
Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today’s session. As of writing, crypto markets are trading 1.03% higher.Avalanche was one of Saturday’s notable gainers, as prices moved close to a two-month high.
This move sees the token move closer to its long-term ceiling of $26.00, and a two-month high of $26.42.Looking at the chart, today’s peak comes as AVAX has rallied for four consecutive sessions, pushing price strength to a multi-week high. This is also marginally below a ceiling of 64, which AVAX will need to overcome for it to climb above the $26.42 level.While AVAX moved close to a two-month high, filecoin was once of today’s biggest movers, as prices rose by nearly 15%.
As a result of Saturday’s surge, FIL moved close to its price ceiling of $9.50, which is usually the last line of defense to a move above $10.00.Overall, filecoin is still up by over 25% in the last seven days, despite prices falling from a nearly three-month high of $11.37 this past Monday.
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