BOSS Wallet data source, Filecoin today's price trend, the latest FIL price has risen 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 volatile trend. Compared to 17:00, it has slightly risen, compared to 16:00, it has slightly fallen, and compared to 09:00, it has rebounded. When the price rises while trading volume decreases, it usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and the risk of a high-level pullback should be noted. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure enters the market.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is now in an overbought state. Recently, trading volume has decreased, with a reduction compared to previous hours, while prices have risen, and trading volume has fallen: upward momentum is weakening.
The upward momentum of the market is weakening, and it is recommended to operate cautiously, pay attention to changes in trading volume, and be wary of the risk of a high-level pullback.


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