BOSS Wallet data source, Filecoin real-time price trend, the latest price of FIL today is $5.907, with a rise of up to 2.04%, trading volume of $402 million

Based on the candlestick chart analysis, the current trend is volatile. Compared to 09:00, there has been a significant increase, recovering from 05:00, and breaking through the high point of 02:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening momentum in the market, with fewer buyers.
This divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be wary of the risk of a high-level retreat and pay attention to whether the trading volume can keep up with the price increase and whether new buying interest appears.
Trading volume is decreasing while the price is rising. Judging by the Williams indicator, there is currently no overbought or oversold condition. Recent trading volume has decreased, with volume down compared to the previous hours, and the price is rising while the volume is falling: upward momentum is weakening.

Upward momentum is weakening, it is recommended to wait and see before making decisions until the market direction is clear.

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