BOSS Wallet data source, Filecoin latest price news, FIL real-time price rose 2.00% to $5.046, transaction volume $227 million

Through the analysis of the K-line chart, the current trend is oscillating. It is slightly higher than 15:00, slightly lower than 14:00, and lower than 09:00. When the price falls and the trading volume rises, it usually means that the selling pressure in the market increases and sellers are actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it may be affected by some negative news, leading to panic selling. Prices may continue to fall in the future because of heavy selling pressure and pessimistic market sentiment.
Investors should be alert to whether the price will fall below the key support level. If the support level is broken, it may trigger a larger decline. The market is hot, but the price is falling. According to the Williams indicator, the current market is oversold. The trading volume has increased recently, and the trading volume has increased compared with the previous few hours. The price is falling and the trading volume is rising: the selling pressure is increasing.

The market rose after being oversold, and selling pressure still exists. It is recommended to continue to wait and see and pay attention to key support levels.

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