BOSS Wallet data source, Filecoin today's market news, latest FIL price: $5.145, 24-hour increase 4.298%, trading volume $189 million

By analyzing the candlestick chart, it is currently in a consolidation trend. Slightly up compared to 13:00, slightly down compared to 14:00, and has rebounded compared to 12:00. Price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, the price increase may be difficult to sustain, and investors should be alert to the risk of price retreating from high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether new buying interest is coming in. Decreased trading volume with rising prices. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, trading volume has reduced compared to previous hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is advisable to wait and watch, paying attention to changes in trading volume and the situation of new buying interest.

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