filecoin PhilUSD It has exploded higher, recording massive gains over the past 24 hours. At press time, Filecoin had risen 66.33% over the past 24 hours to $2.18, following Thursday’s big rally.
FIL’s performance has coincided with broader strength across the decentralized physical infrastructure (DePIN) sector, and comes at a time when the broader cryptocurrency market is trading largely in the red.
Filecoin’s shift towards AI-driven storage needs, supported by Proof of Redundancy incentives, has contributed to the positive sentiment around Filecoin. The launch of cross-chain data bridges and Proof of Possession (PDP) enables warm, verifiable proofs of storage on Filecoin, and in 2024, Filecoin was featured in FastCompany’s Next Big Things in Tech for improving how AI handles data. 2025 will see the Filecoin network expand into a verifiable, programmable, on-chain service cloud.
@FilFoundation and the GSR Foundation support a range of projects that implement decentralized storage for the public good.
The new infographic shows how funding this collaboration in science, arts and human rights works through verifiable data infrastructure. pic.twitter.com/ir4COLsnoP
In September, the Filecoin Foundation announced one million cultural artifacts preserved on the Filecoin network, highlighting their growing utility in decentralized physical infrastructure networks.
Filecoin secures hacking
Filecoin has started to rally from its low of $1,298 on November 5, following price consolidation. During the flash market crash on October 10, Filecoin’s price fell to a low of $0.48 before trading in a range between $1.29 and $1.79. Filecoin would later break out of its trading range in the first week of November, as the bulls broke above the 50 daily EMA (currently at $1.91), which capped its price for a larger portion of 2025. 
PhilUSD Daily chart, courtesy: TradingView “>
The breakout kicked off two days of an explosive rally, with Filecoin rising from $1.32 to $2.39 from November 6-7 alone.
The price of Filecoin is currently up 40% in the past 7 days. Currently, Filecoin price is seeking to break through the next resistance level at the 200 daily EMA at $2.39, with the price reaching there during the Friday session.
A decisive break above the daily 200 EMA would start a new uptrend for Filecoin price, with targets at $3 and $5.
