BOSS Wallet data source, Filecoin real-time price trend, today's latest price of FIL reaches $6.191, with a rise of up to 3.01%, trading volume of $332 million

After studying the K-line chart, it is now in a volatile trend. Compared to 00:00, there has been a significant rise, a rebound compared to 16:00, and a decline compared to 19:00. Prices are rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This volume-price divergence phenomenon may be due to 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 cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether new buying interest appears.
Market activity is low, and trading volume is decreasing. The Williams indicator shows that the current market state is overbought. Recently, trading volume has decreased, with volume lower than in previous hours, prices rising, and trading volume decreasing: upward momentum is weakening.
Market momentum is weakening, a pullback may occur, it is advised to operate cautiously, focusing on trading volume and new buying interest.

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