BOSS Wallet data source, Polkadot (DOT) real-time price trend, the latest price of DOT today has reached $8.793, with an increase of 2.01%, trading volume of $730 million.
According to the K-line chart analysis, it is currently in a volatile trend. Compared to 11:00, it has significantly decreased, has rebounded compared to 05:00, and has decreased compared to 10:00. The price is rising but the trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence phenomenon between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or consolidation because the lack of trading volume support makes it difficult for prices to continue rising. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Trading volume is decreasing while the price is rising. According to the Williams indicator, the current state shows no overbought or oversold conditions. Recently, trading volume has decreased, with volume reduced compared to the previous hours, and the price is rising while trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, it is recommended to observe, focus on changes in trading volume, and be cautious of the risk of high-level pullbacks.
The above content is for reference only and does not constitute investment advice.