BOSS Wallet data source, latest Filecoin price news, FIL real-time price increased by 2.07% to $5.775, trading volume $202 million

Analyzing through candlestick charts, currently in a consolidation trend. Compared to 16:00, it has risen significantly, rebounding from 14:00 and breaking through the high of 17:00. When the price rises while trading volume decreases, it usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of volume-price divergence 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, price increases are difficult to sustain, and there is a risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure enters the market.
Decreased trading volume, rising prices. The Williams indicator shows that the current market is in an overbought condition. Recently, trading volume has decreased, with trading volume lower than in the previous few hours, and prices rising with declining volume: upward momentum is weakening.
Weakening upward momentum, beware of the risk of pullback from high levels, it is recommended that investors remain cautious.

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