BOSS Wallet data source, Pepe real-time price trends, the latest price of PEPE today reached $0.00002098, with an increase of up to 3.50%, trading volume $2.43 billion
From the analysis of the candlestick chart, it is known that the current trend is volatile. Compared to 11:00, it has risen significantly, rebounding from 07:00, breaking through the high point of 05:00. When the price rises while trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, the price increase is difficult to sustain, and caution should be exercised regarding the risk of a high-level pullback. Investors should pay attention to whether the trading volume can support the price increase and whether new buying interest enters the market.
Trading volume decreases, price rises. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, and the trading volume compared to previous hours has dropped while the price rises and volume declines: upward momentum weakens.
Upward momentum weakens, or faces a correction, it is recommended that investors remain cautious and pay attention to subsequent changes in volume and price.
The above content is for reference only and does not constitute investment advice.