BOSS Wallet data source, Filecoin today's price trend, FIL latest price has broken through to $7.402, with an increase of 2.01%, trading volume $1.374 billion

From the research results of the candlestick chart, it shows that the current trend is oscillating. There is a slight increase compared to 18:00, a slight decrease compared to 19:00, and a recovery compared to 11:00. When the price rises and trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to sustain its rise, and one should be cautious of the risk of a high position pullback. Investors should pay attention to whether the trading volume can keep up with the price increase and whether new buying pressure enters the market.
Trading volume decreases while the price rises. According to the Williams indicator, there is currently no overbought or oversold condition. Recently, trading volume has decreased, with trading volume reduced compared to previous hours, while the price is rising and volume is declining: upward momentum is weakening.
Upward momentum is weakening, or a pullback may be faced. 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.