Filecoin surges 14% as 6-year vesting schedule nears its end: What’s next?

Filecoin [FIL] is on a strong bullish run. Since it successfully defended the $1 support level four days ago, the altcoin has closed with higher highs. Over the past 24 hours, the altcoin flipped the $1.2 resistance and touched a five-month high of $1.27. As of this writing, Filecoin was trading around $1.24, marking a 14% surge on the daily charts. Over the same period, its trading volume climbed 150% to $269 million, highlighting elevated market participation. Filecoin's vesting schedule to end Filecoin is rallying amid rising optimism over the concluding vesting schedule.

Source: AMBCrypto