BOSS Wallet data source, latest price news for Filecoin, FIL real-time price rises 2.02% to $5.249, trading volume $192 million

After studying the candlestick chart, it is currently a volatile trend. Compared to 15:00, there has been a significant increase, and a recovery from 12:00, breaking through the high point of 14:00. When prices rise but trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of price retreating from high levels and pay attention to whether trading volume can keep up with price increases and whether new buying interest emerges.
Market activity is low, and trading volume is decreasing. The Williams indicator shows that the current market is in overbought territory. Recently, trading volume has decreased, with volume down compared to previous hours, while prices are rising and trading volume is falling: upward momentum is weakening.
Upward momentum is weakening, be cautious of the risk of retreating from high levels, it is advised to operate with caution and avoid blindly entering the market.

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