BOSS Wallet data source, Polkadot (DOT) latest market news, current price of DOT: $9.147, 24-hour increase of 3.12%, trading volume of $1.218 billion

According to the candlestick chart analysis, the current trend is fluctuating. It has significantly increased compared to 12:00, recovered from 08:00, and surpassed the high point of 13:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in 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 volume support, the price increase may be difficult to sustain, and one should be cautious 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. The market is lukewarm, and trading volume is decreasing. According to the Williams indicator, the current market state is neither overbought nor oversold. Recently, trading volume has decreased, with a reduction compared to previous hours, price rising, and volume declining: upward momentum is weakening.

Upward momentum is weakening, it is advisable to operate cautiously, pay attention to changes in trading volume, and avoid blind entry.

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