BOSS Wallet data source, Filecoin real-time price quotes, FIL's latest price today is $6.388, an increase of 2.01%, and the transaction volume is $631 million

Judging from the results of the K-line chart, it is now in a volatile trend. It is slightly higher than 10:00, slightly lower than 09:00, higher than 06:00, and lower than 08:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The market activity is low and the momentum is weakening. The Williams indicator shows that it is currently overbought. The recent trading volume has decreased, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakening.

The market momentum has weakened, so it is recommended to wait and see cautiously and pay attention to changes in trading volume and new buying.

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