BOSS Wallet data source, Filecoin today's price trend, FIL latest price has broken to $5.136, with an increase of 2.03%, trading volume $241 million

From the analysis of the K-line chart, it is currently in a volatile trend. Compared to 12:00, it has risen significantly, has rebounded compared to 04:00, and has decreased compared to 09:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered 'upward without volume.' In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, price increases may be difficult to sustain, and one should be cautious of the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buy orders coming in. Trading volume decreases while price rises. The Williams indicator shows that it is currently in an overbought phase. Recently, trading volume has decreased, with trading volume lower than in previous hours, while the price has risen and trading volume has fallen: upward momentum is weakening.

Weakening upward momentum, or potential pullback risk, it is recommended to observe and pay attention to trading volume and new buy orders.

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