FIL price breaks above $7.402 per coin, up 2.01% intraday

Filecoin price quote for today, FIL latest price breaks to $7.402, up 2.01%, trading volume $1.374 billion 

From the study of the k-chart, the trend is now oscillating. It rose slightly compared to 18:00, fell slightly compared to 19:00 and recovered from 11:00. When prices rise and trading volume falls, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This volume-price divergence is usually due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of volume support, price rises are unsustainable and one needs to be wary of the risk of a pullback from higher levels. Investors should keep an eye on the trading volume to see if it matches the price rise and if new buying enters the market.
Trading volume decreases and price rises. According to the Williams Indicator, there is no overbought or oversold right now. Trading volume has decreased recently, trading volume is lower than in the previous hours, price is rising and trading volume is falling: upward momentum is weakening.
Upward momentum is weakening or facing a retracement, investors are advised to stay on the sidelines and pay attention to changes in trading volume.