BOSS Wallet data source, Toncoin price today, TON latest price breaks through $5.395, up 2.00%, transaction volume $445 million
According to the K-line chart analysis, it is currently in a volatile trend. It is slightly lower than 10:00 and higher than 04:00. The price rises but the trading volume decreases, which usually means that the momentum of the market rise is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
The market is not active and the momentum is weakening. The Williams indicator shows that it is currently overbought. The trading volume has decreased recently, and the trading volume is lower than in the previous hours. The price is rising and the trading volume is falling: the upward momentum is weakening.
The upward momentum has weakened and market activity is low. It is recommended to remain cautious and wait for market sentiment to recover.
The above content is for reference only and does not constitute investment advice.