BOSS Wallet data source, Filecoin real-time price market, the latest price of FIL today reached $6.906, with a rise of 2.01%, and a trading volume of $1.048 billion

According to the analysis of the K-line chart, it is currently in a volatile trend. Compared to 13:00, there is a significant increase, but it has decreased compared to 09:00. When the price rises while the trading volume declines, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, the price increase is difficult to sustain, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buying interest enters the market.
Trading volume decreases, and price rises. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has decreased, with trading volume lower than in previous hours, while price has risen, and trading volume has decreased: upward momentum is weakening.
Upward momentum is weakening, it is recommended to observe, paying attention to changes in trading volume and new buying interest.

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