BOSS Wallet data source, Filecoin today's price trend, FIL latest price has broken through to $7.188, with an increase of 2.00%, trading volume $689 million

From the K-line chart, it can be seen that it is currently in a fluctuating trend. Compared to 22:00, there has been a significant increase, and there has been a rebound compared to 17:00, breaking through the high point of 15:00. When the price rises while trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This divergence phenomenon between price and volume is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of support from trading volume, it is difficult for price increases to sustain, and one should be cautious of the risk of a high position pullback. Investors should pay attention to whether trading volume can accompany price increases and whether there are new buyers entering the market.
Trading volume decreases while the price rises. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with trading volume reducing compared to the previous few hours, and the price has risen while trading volume has dropped: the upward momentum is weakening.
The market's upward momentum is weakening, it is recommended to observe, be cautious of high position pullback risks, and pay attention to changes in trading volume and new buying situations.

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