BOSS Wallet data source, Polkadot (DOT) latest market news, current price of DOT: $9.353, 24-hour increase of 7.19%, trading volume $790 million

Based on the candlestick chart analysis, it is currently in a consolidation trend. Compared to 18:00, there has been a significant increase, but a decrease compared to 11:00. Price is rising but trading volume is decreasing, which typically indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price retreating from high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering. Volume is decreasing while prices are rising. The Williams indicator suggests that it is currently an overbought period. Recently, trading volume has decreased, with volume lower than a few hours ago, while prices are rising and volume is decreasing: upward momentum is weakening.

Market upward momentum is weakening, it is advised to remain cautious and pay attention to changes in trading volume and the involvement of new buyers.

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