Among the tokens I have checked, I think #Fil is the one with the most reversed volume. Most of the market is either falling prices with flat or decreasing volume (except for $Btc, where the price is rising with flat volume $Bnb , while Fil has flat prices with increasing volume but mostly all sell volume. Fil has a 6-year vesting period, so we can see the selling pressure from the token unlocks has not shown any signs of cooling down... until this month.
The volume tree this month is the highest of all time and could be the accumulation phase after the supply test ), with only about 1 year of vesting ( left. However, this tree also reminds me of ) the beginning of the year and September, also a very high buy volume tree that continued to dump 👉 with a token that has successfully upbo in the early stage and still hasn't fully unlocked like Fil, so we need to observe more, depending on the situation next month for confirmation:
•If the price continues to fall, pushing below $1.2, the volume remains high → confirming that accumulation/distribution is not yet finished. •If the price moves sideways or slightly increases around the $2 area, and the volume remains high → it confirms there is accumulation, and the money flow returns after hibernation.
Although Procol labs is one of the few truly ambitious tech nerd teams, a "neglected favorite child" like Fil, with much drama, should still be considered and observed further at this time.
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$Fil
Among the tokens I have checked, I think #Fil is the one with the most reversed volume. Most of the market is either falling prices with flat or decreasing volume (except for $Btc, where the price is rising with flat volume $Bnb , while Fil has flat prices with increasing volume but mostly all sell volume. Fil has a 6-year vesting period, so we can see the selling pressure from the token unlocks has not shown any signs of cooling down... until this month.
The volume tree this month is the highest of all time and could be the accumulation phase after the supply test ), with only about 1 year of vesting ( left. However, this tree also reminds me of ) the beginning of the year and September, also a very high buy volume tree that continued to dump 👉 with a token that has successfully upbo in the early stage and still hasn't fully unlocked like Fil, so we need to observe more, depending on the situation next month for confirmation:
•If the price continues to fall, pushing below $1.2, the volume remains high → confirming that accumulation/distribution is not yet finished.
•If the price moves sideways or slightly increases around the $2 area, and the volume remains high → it confirms there is accumulation, and the money flow returns after hibernation.
Although Procol labs is one of the few truly ambitious tech nerd teams, a "neglected favorite child" like Fil, with much drama, should still be considered and observed further at this time.
#VanMei