Source of BOSS Wallet data, today's price of Polkadot-new, the latest price of DOT Polkadot broke through to $8.796, an increase of 2.01%, and the transaction volume was $680 million

After studying the K-line chart, it is now in a volatile trend. It has risen significantly compared to 07:00, rebounded compared to 05:00, and broke through the high point of 02:00. Rising prices but falling trading volume usually means 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. In the oscillating trend, the trading volume decreases and the price rises. Judging by the Williams indicator, there is no overbought or oversold at present. 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.

As the upward momentum weakens, you may consider reducing your position or waiting and taking action after the trend becomes clear.

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