BOSS Wallet data source, Filecoin today's market news, latest FIL price: $7.047, up 2.15% in 24 hours, trading volume $684 million

From the K-line chart, it can be seen that it is currently in a volatile trend. Compared to 22:00, there is a significant increase, a recovery compared to 17:00, and a decrease compared to 15:00. Price is rising but trading volume is declining, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price retreating from high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest. The market is cold, and trading volume is decreasing. Using the Williams indicator, it is determined that there is currently no overbought or oversold condition. Recently, trading volume has decreased, trading volume has decreased compared to a few hours ago, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, either a pullback or a consolidation, it is advisable to operate cautiously, paying attention to trading volume and new buying interest.

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