BOSS Wallet data source, latest price news for Filecoin, the real-time price of FIL has risen by 2.47% to $4.942, trading volume $230 million

According to the candlestick chart, it is currently in a consolidation trend. Compared to 14:00, there has been a significant increase, a recovery compared to 13:00, and a decline compared to 07:00. A price decrease but an increase in trading volume usually indicates increased selling pressure, with sellers actively offloading.
Such a situation may indicate that the market has a pessimistic outlook on future prices, or there may be some negative news triggering panic selling. In this case, future prices may continue to decline due to significant selling pressure and a pessimistic market sentiment.
Investors should be cautious about whether the price will break through key support levels. If the support level is breached, it could trigger a larger decline. The market is hot, but prices are falling. The Williams indicator shows that the current market condition is oversold.
Recent trading volume has increased, with trading volume rising compared to the previous few hours while prices are declining: selling pressure is increasing.
The increase may be a rebound after overselling; it is recommended to continue to observe and pay attention to key support levels and changes in market sentiment.

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