BOSS Wallet data source, real-time price of Polkadot (DOT), the latest price of DOT today reached $9.14, with an increase of 2.02%, trading volume $1.355 billion

Based on the analysis of the candlestick chart, the current trend is sideways. Compared to 17:00, there is a slight increase; compared to 16:00, there is a slight decrease; compared to 09:00, there is a recovery; compared to 15:00, there is a decline. The simultaneous rise in price and trading volume is a sign of strong market buying, indicating that buyers are willing to trade in large volumes at higher prices, reflecting optimistic market sentiment and strong bullish sentiment.
In this situation, prices are expected to continue rising due to strong market momentum and increasing buying pressure. Investors are advised to pay attention to the breakthrough of key resistance levels; if prices can continue to break through and stabilize at higher positions, it will confirm the continuation of the upward trend.
In a sideways trend, trading volume is increasing, and price and trading volume are rising simultaneously. According to the Williams indicator, the current market is not overbought or oversold. Recently, trading volume has increased, with trading volume rising compared to the previous hours, and price and trading volume are both increasing: trading is active, and upward momentum is strong.

The market buying pressure is strong, the upward trend continues, and it is recommended to continue holding or appropriately increase positions.

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