BOSS Wallet data source, Filecoin today's price trend, FIL latest price has broken through to $5.18, with an increase of 3.02%, trading volume $165 million

According to the analysis results of the K-line chart, it is currently in a fluctuation trend. Slightly up compared to 17:00, slightly down compared to 16:00, and has rebounded compared to 09:00. When the price rises while trading volume decreases, it usually indicates that the bullish momentum in the market 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 adjust or consolidate sideways. Due to the lack of trading volume support, the price increase is difficult to sustain, and one should be wary of the risk of a pullback from high levels. Investors should pay attention to whether trading volume can support price increases and whether new buyers are entering the market.
Market sentiment is low, and trading volume is decreasing. Based on the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, trading volume has reduced compared to the previous hours, with price rising and trading volume declining: bullish momentum is weakening.
Market bullish momentum is weakening, it is recommended to operate cautiously, pay attention to changes in trading volume, and be wary of the risk of a pullback from high levels.


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