BOSS Wallet data source, Filecoin real-time price trend, the latest price of FIL today is $5.834, with an increase of 3.00%, trading volume of $202 million

From the analysis of the candlestick chart, the current trend is oscillating. Compared to 16:00, there has been a significant increase, and a recovery from 14:00, breaking through the high point of 17:00. When the price rises while trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Without support from trading volume, it is difficult for price increases to sustain, and one should be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
Market activity is low, and trading volume is decreasing. According to the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, with volume down from the previous few hours, while prices have risen, indicating weakened upward momentum.
The market's upward momentum is weakening, and it is advisable to operate cautiously to avoid entering blindly, while paying attention to subsequent trading volume and new buying interest.

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