BOSS Wallet data source, latest price news from ConstitutionDAO, PEOPLE real-time price increased by 3.02% to $0.0652, trading volume $237 million

From the analysis of the candlestick chart, it can be seen that there is currently a downward trend. Compared to 11:00, there has been a significant increase, a recovery compared to 08:00, and a breakthrough of the 07:00 high. When the price rises while trading volume decreases, it usually indicates that the upward momentum is weakening and the number of buyers is decreasing.
This volume-price divergence phenomenon is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and the risk of a high-level pullback should be noted. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
In a downward trend, trading volume decreases while prices rise. The Williams indicator indicates that it is currently a period without overbought or oversold conditions. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices rise and trading volume decreases: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain cautious, pay attention to trading volume and the situation of new buyers, and be aware of the risk of a high-level pullback.

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