BOSS Wallet data source, latest price news for Filecoin, FIL real-time price increased by 2.07% to $7.337, trading volume $713 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 22:00, it has risen significantly, recovering from 17:00 and breaking through the high point of 15:00. When the price rises while trading volume declines, it usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This divergence phenomenon between volume and price is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to maintain an upward trend, and the risk of a high-level pullback should be noted. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buyers are entering the market.
In a consolidation trend, trading volume decreases while prices rise. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with volume reducing compared to the previous hours while the price rises, indicating weakened upward momentum.

Weakened upward momentum or the risk of a pullback. It is recommended that investors remain cautious and pay attention to changes in trading volume.

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