FIL price reaches $5.169 per coin, up 2.03% on the day

Filecoin real-time price quotes, FIL's latest price reached $5.169 today, up 2.03%, with a trading volume of $741 million 

By studying the k-chart, it is now in an oscillating trend. It is more sharply up compared to 17:00 and down from 09:00. When the price is falling and the trading volume is rising, it usually means that there is increased selling pressure in the market and sellers are selling aggressively.
This can happen because the market becomes pessimistic in its expectations of future prices or is affected by some negative news that leads to panic selling. Prices may continue to fall in the future as selling pressure is high and market sentiment is pessimistic.
Investors should be wary of prices breaking below key support levels, which, if breached, could trigger a sharper decline. In an oscillator trend, the trading volume increases and the price decreases. According to the Williams Indicator it is not overbought or oversold.
Recently trading volume has increased, trading volume is higher than in the previous hours, price is falling, trading volume is rising: selling pressure is increasing.
Despite the rise, selling pressure is still increasing, so it is recommended to remain on the sidelines and pay attention to key support levels.

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