BOSS Wallet data source, latest price news for Filecoin, FIL real-time price increased by 3.11% to $7.231, trading volume $869 million

According to the candlestick chart analysis, it is currently in a volatile trend. It has significantly increased compared to 17:00, rebounded compared to 10:00, and decreased compared to 12:00. Price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum 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 continue rising. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase and whether new buying interest emerges.
In a volatile trend, trading volume decreases while price increases. According to the Williams Indicator, the current state is overbought. Recently, trading volume has decreased, with volume lower than in the previous hours, and price rising with declining volume: upward momentum is weakening.

Volume-price divergence, weakened upward momentum, suggest to stay on the sidelines and be cautious of pullback risks.

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