BOSS Wallet data source, Curve today's market news, latest CRV price: $0.6986, 24-hour increase of 4.88%, trading volume $506 million

By studying the K-line chart, it is currently in an upward trend. Compared to 23:00, there is a significant increase, breaking through the high point of 15:00. When the price rises and the trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for price increases to sustain, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany the price increase and whether there is new buying entering the market.
Recently, trading volume has decreased, and the upward momentum of the price is weakening. According to the Williams indicator, it is currently in the overbought territory. Recently, trading volume has decreased, with trading volume less than in previous hours, price rising while volume is declining: upward momentum weakening.

Upward momentum is weakening, and there is a risk of a pullback. It is recommended to reduce positions or wait and see, and pay attention to changes in trading volume.

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