BOSS Wallet data source, Filecoin current price trend, the latest price of FIL has reached $5.337, an increase of 2.01%, trading volume $261 million

Through candlestick chart analysis, it is currently in a consolidation trend. Compared to 17:00, there has been a significant increase; compared to 16:00, there has been a recovery; compared to 10:00, there has been a decline. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price rise, as well as whether new buying pressure emerges.
Trading volume decreases while the price rises. The Williams indicator shows that the current market is neither overbought nor oversold. Recently, trading volume has decreased, with volume reducing compared to previous hours, and price rising while volume declines: upward momentum is weakening.

The upward momentum in the market is weakening; it is advisable to wait and observe until the direction is clear, and to pay attention to changes in trading volume.

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