BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.06781, 24-hour increase of 11.49%, trading volume $138 million

After studying the candlestick chart, it is currently in a fluctuation trend. Compared to 13:00, there was a significant decline, a recovery compared to 11:00, and a decrease compared to 12:00. Price is rising but trading volume is declining, which usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'no-volume rise'. In this case, there may be a pullback or sideways consolidation in future prices. Due to the lack of trading volume support, the price rise may be difficult to sustain, and one should be cautious of the risk of price retracement at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. In a fluctuation trend, trading volume decreases while price rises. The Williams indicator suggests that it is currently overbought. Recently, trading volume has decreased, trading volume is lower than in previous hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, or there is a risk of a pullback, it is advised to remain cautious and pay attention to changes in trading volume.

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