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Filecoin breaks above $1 to a 90-day high on nearly 8x average volume
- Filecoin (FIL) closed at $1.115 on May 6 — its highest close in 90 days — after 18 consecutive sessions trading below $1.00 (Apr 18 through May 5).
- Volume on May 6 was $414.8M, roughly 7.97 times the 14-day average of $52M — the second-highest volume ratio in the dataset that day.
- The breach of the $1.00 level after a five-week range of $0.86–$1.00 makes this a structurally significant breakout for a top-20 storage token.
Supporting datasets
Supporting queries
To surface this insight, Baselight ran 4 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
May 6 close $1.115 = 90d high close; 90d intraday high $1.160. Volume $414.8M vs 14d avg $52.0M = 7.97×. 18 consecutive closes below $1.00 before May 6. 7-day return +21.8% (from $0.916 on Apr 29); 30-day return +30.0% (from $0.858).