BOSS Wallet data source, Pepe's price today, PEPE's latest price broke through $0.000022457, an increase of 3.50%, and the transaction volume was $10.767 billion
Through the analysis of the K-line chart, the current trend is oscillating. It has risen significantly compared to 15:00 and has fallen slightly compared to 12:00. Rising prices but falling trading volumes usually mean that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. Overbought state, trading volume decreases, prices rise. According to the Williams indicator, the current market state is overbought. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The market is overbought and the upward momentum is weakening. It is recommended to wait and see and take action only when the direction is clear.
The above content is for reference only and does not constitute investment advice.