BOSS Wallet data source, Filecoin price today, FIL latest price breaks through $6.411, up 3.00%, transaction volume $632 million

By studying 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 is rising but the trading volume is falling, 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 trading volume can keep up with price increases and whether new buying interest is coming in. Overbought condition, decreasing trading volume, rising prices. According to the Williams indicator, the current situation is overbought. Recently, trading volume has decreased, with volume down compared to the previous hours, while prices are rising and volume is decreasing: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to stay on the sidelines and wait for a clear direction.

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