BOSS Wallet data source, Uniswap today's price trend, UNI latest price has broken through to $13.432, an increase of 3.05%, trading volume $490 million

From the analysis of the candlestick chart, it is known that the current trend is oscillating. Compared to 23:00, there has been a significant increase, recovering from 20:00 and breaking through the high point of 00:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered a 'rising without volume'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, price increases may be difficult to sustain, and one should be wary of the risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. In an oscillating trend, trading volume decreases while prices rise. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, and trading volume has reduced compared to the previous hours, with price rising and trading volume declining: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to observe and be vigilant about the risk of price retreat, focusing on changes in trading volume.

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