BOSS Wallet data source, NEAR Protocol latest price news, NEAR real-time price rose 3.01% to $5.888, transaction volume $932 million
From the K-line chart, we can see that the current trend is oscillating. It has risen significantly compared to 22:00, rebounded compared to 15:00, and broke through the high point of 23:00. 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.
In the oscillating trend, the trading volume decreases and the price rises. The Williams indicator shows that the current market is neither overbought nor oversold. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.
The upward momentum has weakened. It is recommended to remain on the sidelines, be alert to the risk of falling from highs, and pay attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.