Source of BOSS Wallet data, today's market news of Polkadot DOT, the latest price of Polkadot DOT: $5.86, up 13.65% in 24 hours, and the transaction volume is $446 million
According to the candlestick chart analysis, the current trend is oscillating. Compared with 20:00, it fell sharply, breaking through the low point at 13:00, and fell slightly compared with 18:00. The price fell but the trading volume rose, which usually indicates that the selling pressure increased and the sellers were actively shipping.
This could be because the market is pessimistic about future prices or there is negative news that triggers panic selling. In this case, prices may continue to fall in the future because of the heavy selling pressure and pessimistic market sentiment. Investors should be wary of whether prices will fall below key support levels, which could lead to a larger decline if support levels are broken.
The market is hot, but the price is falling. According to the Williams indicator, the current market is neither overbought nor oversold. The trading volume has increased recently, and the trading volume has increased compared to the previous few hours. The price is falling, and the trading volume is rising: the selling pressure is increasing.
The rise may be a short-term rebound and selling pressure still exists. It is recommended to continue to wait and see and pay attention to key support levels.

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