Filecoin Gains 2.05% to $1.07 but Trails Recent Price Averages

Filecoin (FIL) rose 2.05% to $1.07 on Oct. 21, but the gain left the token below two short-term price averages after a decline from its mid-October close.

The price was recorded at 1:20 p.m. ET (17:20 UTC). FIL’s seven-day simple moving average was about $1.08, while its 10-day average was about $1.10. Both figures use UTC daily closing prices through Oct. 20.

FIL closed at $1.16 on Oct. 15 before falling to $1.019 on Oct. 19. It rebounded to a $1.032 close on Oct. 20, then traded higher in the Oct. 21 snapshot. The latest price still stood below the Oct. 15 close.

A simple moving average combines closing prices over a set number of days. The seven- and 10-day readings show that FIL’s latest price had yet to recover to either recent average.

The trading followed the completion of Filecoin’s Solstice network upgrade on Oct. 19. The upgrade changes how block rewards are allocated, directing a growing share toward services that attract paying customers.