BOSS Wallet data source, latest Filecoin price news, FIL real-time price rose 2.02% to $7.116, trading volume $1.278 billion

After analyzing the candlestick chart, it was found that it is currently in a consolidation trend. Compared to 15:00, there was a significant decline, but it has rebounded compared to 09:00. When the price decreases while trading volume increases, it often indicates that selling pressure is increasing, and sellers are actively selling.
This situation may stem from market pessimism regarding future prices or be influenced by negative news, triggering panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment. Investors should pay attention to whether the price will break below key support levels; if the support level is broken, it may lead to a more significant decline.
Price decline, increased selling pressure. The Williams indicator indicates that there is currently no overbought or oversold condition. Recently, trading volume has increased, with volume higher than in the previous few hours, price is declining, and trading volume is rising: increased selling pressure.
Market fluctuations suggest cautious positioning, pay attention to key support levels, and avoid blindly increasing positions.

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