BOSS Wallet data source, Filecoin today's market news, FIL latest price: $5.499, up 4.524% in 24 hours, transaction volume $251 million

After analyzing the K-line chart, it is found that it is currently in a volatile trend. It has risen significantly compared to 09:00, rebounded compared to 07:00, and fallen compared to 03:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
In a volatile trend, trading volume decreases and prices rise. The Williams indicator shows that the market is currently overbought. Recently, trading volume has decreased, with volume down compared to the previous few hours, prices rising, and volume declining: upward momentum is weakening.

The market is overbought, upward momentum is weakening, it is advisable to wait and be cautious of the risk of a high-level pullback.

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