BOSS Wallet data source, latest Filecoin price news, FIL real-time price increased by 3.04% to $7.218, trading volume $689 million

The candlestick chart shows that it is currently in a震荡趋势 (fluctuating trend). Compared to 22:00, it has risen significantly, rebounding from 17:00 and breaking through the high of 15:00. Prices are rising but trading volume is declining, which usually indicates a weakening momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered '无量上涨' (price rise without volume). In this case, future prices may experience a correction or sideways consolidation. Due to the lack of volume support, the price increase may be difficult to sustain, and there is a risk of price retreat at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering the market. Market activity is low, and momentum is weakening. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, with trading volume lower than in the previous few hours, while prices rise and volume declines: upward momentum is weakening.

Market momentum is weakening, be cautious of price retreat risks, and it is advisable for investors to remain prudent and pay attention to changes in trading volume.

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