BOSS Wallet data source, Filecoin today's market news, latest price of FIL: $5.658, 24-hour increase of 1.38%, trading volume $184 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 14:00, there has been a significant increase, but a decrease compared to 07:00. Prices are rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to a lack of trading volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price pullbacks at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. Trading volume is decreasing while prices are rising. According to the Williams indicator, it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, prices rising, and volume decreasing: upward momentum is weakening.

With weakening upward momentum, it is advised to wait and see until the market direction becomes clear, and to be cautious of the risk of price pullbacks.

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