BOSS Wallet data source, Filecoin today's price trend, FIL latest price breaks to $6.148, an increase of 2.01%, trading volume $515 million

According to the analysis of the candlestick chart, it is currently in a fluctuating trend. Compared to 18:00, there has been a significant increase, but a decrease compared to 12:00. When the price rises while trading volume decreases, it usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of volume-price divergence is usually due to a lack of sell orders. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price increase to be sustained, and one should beware of the risk of a pullback at high levels. Investors should pay attention to whether the trading volume can support the price increase and whether new buying interest enters the market.
Market activity is low, and momentum is weakening. The Williams indicator shows that the current market is in an overbought position. Recent trading volume has decreased, trading volume has reduced compared to the previous few hours, price is rising, and trading volume is declining: upward momentum is weakening.
Market upward momentum is weakening, it is advisable to remain cautious, pay attention to changes in trading volume, and be wary of the risk of pullbacks at high levels.

The above content is for reference only and does not constitute investment advice.